India's trade deficit widened in December 2012 as the country's exports during the month fell 1.92 percent in dollar terms while imports grew 6.26 percent, government data showed Friday.
Exports during December 2012 were valued at $24,877.57 million (Rs 1,35,950.47 crore) while imports were valued at $42,549.50 million (Rs 2,32,523.66 crore), a media release by the Ministry of Commerce and Industry said.
Cumulative value of exports for the period April-December 2012 -13 was $214,099.77 million (Rs 11,66,438.69 crore), registering a growth of 9.35 percent in rupee terms terms over the same period last year.
Cumulative value of imports for the period April-December, 2012-13 was $361,271.88 million (Rs 19,67,521.83 crore), registering a growth of 14.76 per cent in rupee terms over the same period last year.
Oil imports during December, 2012 were valued at $14,429.7 million which was 23.56 percent higher than oil imports in the corresponding period last year.
Oil imports during April-December, 2012-13 were valued at $124,520.8 million which was 12.18 percent higher than in the corresponding period last year.
Non-oil imports during December, 2012 were estimated at $28,119.8 million which was 0.87 percent lower than in December, 2011.
Non-oil imports during April - December, 2012-13 were valued at $236,751.1 million which was 6.37 percent lower than in April - December, 2011-12.
The trade deficit for April - December, 2012-13 was estimated at $147,172.11 million which was higher than the deficit of US $137,316.72 million during April -December, 2011-12.