<h1>India's August 2016 Exports Slightly Decrease; Imports Drop 14% Leading to Reduced Trade Deficit.</h1> In August 2016, India's merchandise exports were valued at $21,518.60 million, a slight decrease from August 2015, while imports fell significantly by 14.09% to $29,192.74 million. The cumulative trade deficit for April-August 2016-17 was $34,669.55 million, a 40.61% reduction from the previous year. Non-petroleum exports increased by 1.79%, while non-oil imports decreased by 15.65%. In services, exports in July 2016 were $12,775 million, with a trade balance of $5,366 million. Overall, the trade deficit for April-August 2016-17 was 63.60% lower than the previous year.