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of <h1>India's December 2014 Merchandise Exports Down 3.77%; Cumulative Growth at 4.02%, Trade Deficit Hits $110 Billion.</h1> In December 2014, India's merchandise exports were valued at $25,397.74 million, a 3.77% decrease from December 2013. Cumulative exports from April to December 2014-15 grew by 4.02% to $241,153.78 million. Imports in December 2014 decreased by 4.78% to $34,832.56 million, with cumulative imports rising by 3.63% to $351,205.70 million. The trade deficit for April-December 2014-15 was $110,051.92 million. Oil imports decreased by 28.6% in December 2014, while non-oil imports increased by 9.9%. In services, November 2014 exports were $12,473 million, with a trade balance of $6,318 million.
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