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Exports dip 1.8% in December

India’s total exports (Merchandise and Services combined) in April-December 2019-20* were estimated at US$ 397.48 billion, showing a slightly positive growth of 0.93% YoY. Imports on the other hand were estimated at US$ 455.14 billion, showing a negative growth of 5.82% YoY. In December 2019, exports stood at US$ 27.36 billion, declining by 1.8% according to latest data released by the Department of Commerce. In Rupee terms, they reached Rs. 1,94,764.74 crore during the month, declining by 1.16% YoY. Top commodities showing positive YoY growth during December were electronic goods (30.4%), drugs & pharmaceuticals (13%), marine products (7.84%), RMG of all textiles (2.42%) and cotton yarn/fabs/made ups (0.35%).