India's exports declined by 14.8 per cent year-on-year to 22.4 billion US dollars in July this year due to the global demand slowdown. In July 2011, the country's shipment stood at 26.3 billion dollars. Talking to reporters in New Delhi, Director General of Foreign Trade Anup Pujari said that imports too contracted during the month by 7.61 percent to 37.9 billion dollars, leaving a trade deficit of 15.5 billion dollars. During the April-July period of 2012-13, exports have shrunk by 5.06 percent to 80.4 billion US dollars. Imports during the period dipped by 6.47 percent to 153.2 billion dollars. Pujari said that last month, exports have fallen more than imports. He said, this is the highest fall this fiscal .