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Exports grow by 5.86%; imports fall by 16.37%

Updated: Dec 11, 2013 01:03:09pm
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New Delhi, Dec 11 (KNN)  India's exports in November grew by 5.86 per cent while imports fell by 16.37 per cent compared to the same month last year, narrowing the trade deficit considerably.
 
Exports during November, 2013 were valued at USD 24.61 billion which was 5.86 per cent higher than the level of USD 23.25 billion during November, 2012, according to official data released here yesterday.
 
With regard to imports, during November, 2013 they were valued at USD 33.83 billion representing a negative growth of 16.37 per cent over the level of imports valued at USD 40.45 billion in November, 2012.
 
Oil imports during November, 2013 were valued at USD 12.96 billion which was 1.1  per cent lower than oil imports valued at USD 13.10 billion in the corresponding period last year. 
 
Non-oil imports during November, 2013 were estimated at USD 20.86 billion which was 23.69 per cent lower than non-oil imports of USD 27.34 billion in November, 2012.
 
As far as trade deficit is concerned, for April-November, 2013-14 it was estimated at USD 99.90 billion which was lower than the deficit of USD 129.23 billion during April-November, 2012-13.  (KNN/ES)
 

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