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    <title>Export Stood at US $ 25.07 Billion in June 2012 Trade Deficit Contracts in June.</title>
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    <description>India&#039;s merchandise trade in June 2012 showed exports declining while imports fell by a larger extent, producing a monthly trade deficit; figures for June and the April-June quarter are provisional. Sectoral highlights identify rice, iron ore, oil meal and spices as strong exporters in June and petroleum, engineering goods, gems and jewellery, drugs and readymade garments as significant absolute contributors in the April-June quarter. On the import side, medicine, vegetable oil, iron and steel and professional equipment showed growth in June, with petroleum, gold and silver, machinery, pearls and electrical goods notable in absolute quarterly import values.</description>
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