November trade deficit narrows to $12.12 billion; exports contract marginally1 min read . Updated: 13 Dec 2019, 06:20 PM IST
- November imports fall 12.71% to $38.11 bn
- Oil imports fell 18.17% to $11.06 billion in November from $13.52 billion in the year-ago period
New Delhi: India's trade deficit narrowed to $12.12 billion in November from $17.58 billion a year ago, the trade ministry said on Friday.
Oil imports fell 18.17% to $11.06 billion in November from $13.52 billion in the year-ago period.
Merchandise exports fell 0.34% to $25.98 billion in November, compared with a year earlier, while imports were down 12.71% at $38.11 billion, the data showed.
Gold imports were estimated at $2.94 billion, up 6.59% from $2.76 billion earlier.
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