Trade gap News

India's exports declined for the second consecutive month in August by 0.3 percent to USD 21.51 billion due to dip in shipments of products like petroleum and leather.

The US trade deficit fell in July to the lowest level in five months as exports posted a small gain while imports declined, reflecting a big drop in shipments of consumer goods such as cell phones.

The US trade deficit narrowed in July as exports increased and imports fell sharply, led by a decline in consumer goods, the Commerce Department reported Thursday.

The US trade deficit widened in June as the strong dollar encouraged imports and weighed on exports amid weaker growth in the global economy, official data released Wednesday showed.

The US trade deficit widened modestly in May as exports fell more than imports, the Commerce Department reported Tuesday.

Registering the steepest decline in two and a half years, exports contracted by 11.19 percent to USD 23.88 billion in January but trade deficit improved marginally because of cheaper oil imports.

India's exports in January contracted by 11.19 percent to USD 23.88 billion while the trade deficit rose from a 10-month low and narrowed the gap to USD 8.32 billion.

India can explore export potential of food products like dairy products, marines, fresh and processed items to China with a view to bridge the widening trade gap, industry officials said today.

India's exports grew marginally by 2.73 percent in September, but a surge in gold imports pushed the trade deficit to about 18-months high of USD 14.2 billion.

India's exports rose from a 5-month low in August to grow at 2.73 percent in September to USD 28.9 billion while registering a growth of 6.7 percent during the April-September period.