Exports slump 13.6 percent in January

Exports declined 13.6 percent in January in dollar terms over the same month year ago, with no let-up in the last 13 months, the commerce ministry said in a statement on Monday.

"Exports valued at $21,076 million (Rs.1,41,738 crore) was 13.6 percent lower in dollar and 6.6 percent in rupee terms in January 2016 as against $24,394 million (Rs.1,51,791 crore) during January 2015," the statement said here.

In the first 10 months (April-January) of this fiscal (2015-16), cumulative export value plunged 17.7 percent in dollar and 12 percent in rupee to $.2,17,680 million (Rs.14,15,061 crore) from $2,64,323 million (Rs.16,09,886 crore) in like period year ago.

Non-petroleum exports also declined 10.6 percent to $19,116 million from $21,371 million year ago and 9.6 percent in 10 months to $1,92,408 million from 2,12,730 million.

Similarly, imports declined 11 percent in dollar and 3.9 percent in rupee to $28,715 million (Rs.1,93,112 crore) in January this year from $32,265 million (Rs.2,00,774 crore) in same month year ago.