<h1>India's June 2015 Exports Down 15.82% Year-on-Year; Trade Deficit Reaches $32.2 Billion in April-June 2015-16.</h1> In June 2015, India's merchandise exports were valued at $22,289.43 million, marking a 15.82% decrease from June 2014. Cumulative exports from April to June 2015-16 fell by 16.75% compared to the previous year. Imports in June 2015 amounted to $33,116.55 million, a 13.40% decline from June 2014, with cumulative imports decreasing by 12.61% for the same period. Oil imports saw a significant drop of 34.97% in June 2015. The trade deficit for April-June 2015-16 was $32,225.66 million. In May 2015, the services trade balance showed a surplus of $5,556 million.