India: Exports and imports both decrease in January
Merchandise exports decreased 1.7% in January from the same month a year earlier, similar to the 1.8% decrease in December and amounting to a total value of USD 26.0 billion. Merchandise imports decreased 0.8% in January, after dropping 8.8% in December, amounting to a total value of USD 41.1 billion.
The merchandise trade deficit amounted to USD 15.2 billion in January, widening from the USD 15.1 billion shortfall in the same month a year earlier and the USD 11.3 billion deficit in the previous month. The 12-month trailing sum of the trade deficit widened to USD 153.8 billion in January from USD 153.6 billion in December.