NEW DELHI (Commodity Online) : India’s Commerce and Industry ministry said Tuesday country’s exports in September decreased 13.8% year-on-year to $ 13.61 billion from $ 15.79 billion a year ago.

In a statement issued here, the ministry also said imports were also dropped 31.3% on an annual basis to $ 21.38 billion in the same period, compared to the $ 31.14 billion recorded in the preceding year.

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In September, oil imports dipped 33.5% annually to $ 6.343 billion from $ 9.543 billion in the corresponding month of the previous year. Similarly, non-oil imports fell 30.4% to $ 15.03 billion, added the statement.

The Trade deficit stood at $ 7.77 billion in September, narrowing from $ 15.35 billion deficit last year.

For the April to September period, exports and imports decreased by 28.5% and 32.7%, respectively compared to the same period of the previous year. During the period, the trade deficit amounted to $ 46.73 billion.

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