Exports up in December at $23.9 billion

NEW DELHI: India’s exports continued to grow for the fourth straight month in December 2016, expanding by 5.72 per cent to $23.9 billion compared to $22.6 billion in the same month of previous year.
Imports too rose by 0.46 per cent to $34.25 billion during the month under review, leaving a trade deficit of $10.36 billion.
Oil imports were valued at $7.645 billion during December 2016 which was 14.61 per cent higher than oil imports valued at USD 6.670 billion in December 2015, the trade data released by commerce and industry ministry showed.
Non-oil imports were estimated at $26.608 billion in December, down by 2.98 per cent than that of $27.425 billion in December, 2015.
During April-December period, exports grew marginally by 0.75 per cent $198.8 billion. However, Imports dipped 7.42 per cent to $275.3 billion.
Trade deficit during the nine-month period stood at $76.54 billion as against $100 billion in the same period last year.