The country's exports declined for the second consecutive month, falling 0.3 percent in August this year, to 21.5 billion dollars. Imports contracted 14 per cent, to 29.9 billion dollars in August. The trade deficit narrowed to 7.7 billion dollars during the month under review, from 12.4 billion dollars in August last year, according to Commerce Ministry data. Gold imports slumped 77.5 per cent, to 1.1 billion dollars in August. Oil imports during the month fell 8.5 per cent.