India's merchandise exports were down 14.8% in July at US$22.4bn while imports grew by 7.6% at US$37.9bn, the Government said on Tuesday.
As a result, the trade gap for the month under review stood at US$15.5bn vs. US$14.8bn in the year-ago period.
India's exports have fallen from year-ago levels in four out of the last five months.
India's goods exports between April and July fell 5% year on year to US$80.44bn, Commerce & Industry Secretary, S.R. Rao said today.
Meanwhile, imports during the first four months of FY13 declined 6.47% to US$153.2bn.
Trade deficit during the April-July 2012 period has narrowed to US$72.8bn from US$75.4bn during the same period last fiscal.