India’s Exports declined to 22.4 Billion Dollar in July 2012

India’s exports for the month of July 2012 stood at 22.4 billion dollar registering a decline of - 14.8 percent as compared to 26.3 billion dollar during the same month of 2011. Imports during July 2012 stood at 37.9 billion dollar as compared to 41.1 billion dollar in July 2011. Balance of Trade stood at 15.5 billion dollar during July 2012 as compared to 14.8 billion dollar in July 2011. The trade data were released by the Union Ministry of Commerce and Industry on 14 August 2012.

The cumulative figure for exports for the period of April-July 2012 stood at 97.6 billion dollar as compared to 102.8 billion dollar in April-July 2011; The cumulative figure for imports for April-July 2012 stood at 153.2 billion dollar as compared to 163.8 billion dollar in April-July 2011. The cumulative figure for the Balance of Trade for the period of April-July 2012 stood at 55.6 billion dollar as compared to 61.0 billion dollar in April-July 2011.