November 12, 2012 / 6:02 AM / 5 years ago

India's Oct exports fall 1.6 pct, imports jump 7.37 pct

Mobile cranes prepare to stack containers at Thar Dry Port in Sanand October 1, 2012.Amit Dave

NEW DELHI (Reuters) - India's exports fell 1.6 percent to $23.2 billion in October, while imports jumped 7.37 percent to $44.2 billion, leaving a trade deficit of $20.9 billion, according to a Commerce and Industry Ministry statement released on Monday.

Exports between April and October fell 6.2 percent to $166.9 billion, dragged down by slack demand from India's major export destinations in the United States and Europe.

Oil imports for October rose by 31.6 percent to $14.79 billion, the statement said. (Reporting by Matthias Williams and Arup Roychoudhury; Editing by John Chalmers)

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