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Home > All news > Export Import, Trade > Exports contract 1% in December; trade deficit narrows to about $22 billion

Exports contract 1% in December; trade deficit narrows to about $22 billion

January 16, 2025
Reading Time: 2 minutes

…Commerce Secretary Sunil Barthwal said that India's exports are doing better than other countries both in goods and services.

New Delhi - India's trade deficit narrowed to $21.94 billion in December after last month's shocking surge to a lifetime high on the back of miscalculations in gold imports, government data showed on Wednesday.

Exports contracted for the second month in a row by about one per cent year-on-year to $38.01 billion due to global uncertainties, while imports rose by about 5% to $59 . . .

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