India's exports in January drop by 6.58%; imports decline 3.63%

New Delhi: India's exports in January dipped by 6.58 per cent to USD 32.91 billion, as against USD 35.23 billion in the same month last year, according to the data released by the commerce ministry on Wednesday.

Trade deficit in January stood at USD 17.75 billion.

India's imports in January also declined by 3.63 per cent to USD 50.66 billion, as against USD 52.57 billion in the same month last year.

During April-January this fiscal, however, the country's merchandise exports rose by 8.51 per cent to USD 369.25 billion.

Imports during the period increased by 21.89 per cent to USD 602.20 billion.