India s merchandise trade deficit contracted to $19.8 billion in December from $20.6 billion in November, according to Reuters calculations based on export and import figures given by the government on Monday.
In December, India imported 1.52 million barrels per day (bpd) of Russian crude oil, compared to 1.48 million bpd in November. Russia retained the position of top supplier of crude oil to India in the last month of the year.
Indian exports: India s trade deficit narrowed to USD 20.58 billion in November from USD 31.46 billion in October. Economists, surveyed by Reuters, anticipated it to be USD 20.50 billion. Exports decreased by 2.8% to USD 33.90 billion, while imports reduced to USD 54.48 billion compared to USD 55.8 billion in November 2022.
Indian exports: India s trade deficit narrowed to $20.58 billion in November from $31.46 billion in October. Economists, surveyed by Reuters, anticipated it to be $20.50 billion. Exports decreased by 2.8% to $33.90 billion, while imports reduced to $54.48 billion compared to $55.8 billion in November 2022.
India is set to restart imports of Venezuelan oil after a three-year hiatus, according to brokers and shipping fixtures, as it rushes to take advantage of a US move to ease sanctions on the South American nation.