August 14, 2019 / 1:16 PM / 11 days ago

India's July trade deficit narrows to $13.43 billion

A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave/Files

NEW DELHI (Reuters) - India’s trade deficit in July narrowed to $13.43 billion from $18.63 billion a year ago, the trade ministry said in a statement on Wednesday, helped by lower oil import bill.

Oil imports dived 22.15% to $9.60 billion in July from $12.33 billion in a year-ago period.

Merchandise exports rose 2.25% to $26.33 billion in July compared with a year earlier, while imports were down 10.43% at $39.76 billion, the data showed.

Reporting by Manoj Kumar, Editing by Sherry Jacob-Phillips

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