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January exports fall for 14th straight month

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Reuters NEW DELHI
Last Updated : Feb 15 2016 | 7:08 PM IST

NEW DELHI (Reuters) - India's merchandise exports in January shrank for the 14th straight month on continued weak demand from Europe, the south Asian nation's biggest market.

January exports fell 13.6 percent from a year earlier, while imports dipped 11.01 percent, data released by the Ministry of Commerce and Industry showed on Monday.

The trade deficit for January narrowed to $7.64 billion, mainly due to soft demand for crude oil and falling commodity prices, versus $11.66 billon a month ago.

(Reporting by Manoj Kumar; Editing by Malini Menon)

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First Published: Feb 15 2016 | 6:58 PM IST

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