India's exports declined by 14.8 per cent year-on-year to USD 22.4billion in July this year due to the global demand slowdown.
In July 2011, the country's shipment stood at USD 26.3 billion.
Imports too contracted during the month by 7.61 per cent to USD 37.9 billion,leaving a trade deficit of USD 15.5 billion, DGFT Anup Pujari told reportshere.
During the April-July period of 2012-13, exports have shrunk by 5.06 per centto USD 80.4 billion. Imports during the period dipped by 6.47 per cent to USD153.2 billion.
"Last month, exports have fallen more than imports. This is the highestfall this fiscal," Pujari said.