India s total exports dropped by 14.75 percent in December thirteenth consecutive decline

India-s overall exports dropped by 14.75% in December compared to same month last year to USD 22.29 billion which is also the thirteenth consecutive decline due to continued slowdown in global economy. Total imports dropped by 3.88% in the same month to USD 33.96 billion, leaving trade deficit at USD 11.66 billion.

Total exports in the period of April-December of financial year 2015-16 dropped by 18.06% to USD 196.60 billion compared to the same period in the previous financial year. Total imports during the same period dropped by 15.87% to USD 295.81 billion compared to the same period last year. The trade deficit stood at USD 99.20 billion compared to USD 111.68 billion during the same period last year.