In December 2020, oil imports declined by 10.37 per cent to $ 9.61 billion
Contracting for the third straight month, India's exports slipped marginally by 0.8 per cent to $ 26.89 billion in December 2020, due to decline in sectors like petroleum, leather, and marine products, as per the government data. The trade deficit in December widened to $15.71 billion, as imports grew by 7.6 per cent to $ 42.6 billion, according to the preliminary data released by the commerce ministry on Saturday. Exports in December 2019 were $ 27.11 billion, while imports stood at $ 39.5 billion. In November 2020, exports were down by 8.74 per cent. In April-December 2020-21, the country's merchandise exports contracted by 15.8 per cent to $ 200.55 billion, as compared to $ 238.27 billion in the same period last fiscal.

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