India's exports in December went up by 36.4 per cent to $22.5 billion. Speaking to reporters in New Delhi today, Commerce Secretary Rahul Khullar said this was a record 33-month high and that happened due to diversification of the overseas markets such as Latin America and price competitiveness. He, however, said imports contracted by 11.1 per cent—lowest in the last 14 months to $25.1 billion, narrowing the trade deficit in December 2010 to $2.6 billion. During April-December 2010-11, the country's merchandise export grew by 29.5 per cent to $164 billion. He said imports too rose by 19 per cent to $247 billion.The Commerce Secretary said December figures were a huge increase and expressed hope that with this growth, India would easily achieve $200 billion export target.Khullar said exports of manufacturing sector would also see a huge growth in coming months.