New Delhi, Dec 16 (KNN) Keeping in line with the declining trend since last one year, India's export tumbled 24.42 per cent in November as compared to same period last year.

Total exports stood at USD 20.01 billion against USD 26.48 billion in November 2014, according to data released by the Ministry of Commerce & Industry.

Products exported by the MSME sector including engineering goods, gems & jewellery and petroleum products witnessed significant fall.

The value of petroleum product exports fell 54 per cent to USD 2.16 billion; engineering goods by 28.57 per cent to USD 4.7 billion and gems & jewellery by 21.52 per cent to USD 2.89 billion.

Meanwhile, India’s imports stood at USD 29.79 billion in November 2015 (USD 42.72 billion). Of this, crude oil imports were at USD 6.43 billion, a year-on-year decline of 45 per cent.

Cumulatively, the value of oil imports has come down 42 per cent to USD 61.41 billion in April-November 2015-16 (USD 106.59 billion). Non-oil imports fell 24.7 per cent in November 2015 to USD 23.35 billion (USD 31.02 billion). (KNN Bureau)