<p class="title">India's exports contracted by 6.57 per cent to USD 26 billion in September mainly due to significant dip in shipments from key sectors such as petroleum, engineering, leather, chemicals, and gems & jewelry.</p>.<p class="bodytext">Imports too declined by 13.85 per cent to USD 36.89 billion, narrowing trade deficit to USD 10.86 billion in September, according to official data released on Tuesday.</p>.<p class="bodytext">The trade deficit in September last year stood at USD 14.95 billion.</p>.<p class="bodytext">Out of 30 key export sectors, as many as 22 showed negative growth in September.</p>.<p class="bodytext">Shipments of gems and jewelry, engineering goods, and petroleum products contracted by 5.56 per cent, 6.2 per cent and 18.6 per cent, respectively.</p>.<p class="bodytext">In September, oil imports declined by 18.33 per cent to USD 8.98 billion, and non-oil imports fell by 12.3 per cent to USD 27.91 billion.</p>.<p class="bodytext">Cumulatively, during April-September 2019, exports were down 2.39 per cent to USD 159.57 billion while imports contracted by 7 per cent to USD 243.28 billion.</p>.<p class="bodytext">Gold imports plunged 50.82 per cent to USD 1.27 billion in the month.</p>
<p class="title">India's exports contracted by 6.57 per cent to USD 26 billion in September mainly due to significant dip in shipments from key sectors such as petroleum, engineering, leather, chemicals, and gems & jewelry.</p>.<p class="bodytext">Imports too declined by 13.85 per cent to USD 36.89 billion, narrowing trade deficit to USD 10.86 billion in September, according to official data released on Tuesday.</p>.<p class="bodytext">The trade deficit in September last year stood at USD 14.95 billion.</p>.<p class="bodytext">Out of 30 key export sectors, as many as 22 showed negative growth in September.</p>.<p class="bodytext">Shipments of gems and jewelry, engineering goods, and petroleum products contracted by 5.56 per cent, 6.2 per cent and 18.6 per cent, respectively.</p>.<p class="bodytext">In September, oil imports declined by 18.33 per cent to USD 8.98 billion, and non-oil imports fell by 12.3 per cent to USD 27.91 billion.</p>.<p class="bodytext">Cumulatively, during April-September 2019, exports were down 2.39 per cent to USD 159.57 billion while imports contracted by 7 per cent to USD 243.28 billion.</p>.<p class="bodytext">Gold imports plunged 50.82 per cent to USD 1.27 billion in the month.</p>