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)