January 15, 2020 / 1:26 PM / in a month

India's exports decline for fifth straight month in December, trade deficit narrows

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust (JNPT) in Mumbai, India, July 15, 2015. REUTERS/Shailesh Andrade/Files

NEW DELHI (Reuters) - India’s merchandise exports shrank 1.8% in December, falling for the fifth straight month, while the trade deficit narrowed to $11.25 billion from a year ago, helped by lower oil imports, the Trade Ministry said in a statement said on Wednesday.

Merchandise exports fell to $27.36 billion in December compared with a year earlier, while imports were down 8.83% to $38.61 billion, the data showed.

India’s trade deficit stood at $14.49 billion in December 2018, the statement said.

Reporting by Manoj Kumar; Editing by Alison Williams

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