India's merchandise exports fell for the 12th consecutive month in September to USD 13.6 billion, commerce and industry ministry data showed. Exports were down 13.8% from a year ago. India's exports have been declining since the global financial crisis hit world markets last year. During September, the country's imports declined 31.3% on year to USD 21.4 billion, narrowing the trade deficit to USD 7.8 billion from USD 15.3 billion a year ago. India's imports have also been falling since January, reflecting weak domestic demand. Oil imports in September fell 33.5% on year to USD 6.34 billion, while non-oil imports fell 30.4% on year to USD 15.03 billion.
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