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<h1>India's Export and Import Values Drop Significantly in June 2009; Trade Deficit Shrinks from Previous Year.</h1> In June 2009, India's exports were valued at $12,815 million, marking a 27.7% decrease from June 2008. The cumulative export value for April-June 2009 was $35,432 million, a 31.3% decline from the previous year. Imports in June 2009 totaled $18,977 million, down 29.3% from June 2008, with a cumulative value of $50,936 million for April-June 2009, a 36.5% drop. Oil imports fell by 50.6% in June 2009 compared to the previous year. The trade deficit for April-June 2009 was $15,504 million, lower than the $28,642 million deficit in the same period in 2008.
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