Country's exports grew by 10.1 per cent year-on-year in January to 25.34 billion US dollar despite weak demand in the Western markets.However, the exports growth rate was a marginal increase over December 2011. The shipments had grown by 6.7 per cent year-on-year in December 2011. The Commerce ministry data says Imports grew at a faster rate of 20.25 per cent to 40.1 billion US dollar, leaving a trade deficit of 14.76 billion US dollar.From a peak of 82 per cent in July 2011, export growth has slipped to 44.25 per cent in August 2011, 36.36 per cent in September 2011 and 10.8 per cent in October last year. Commerce Secretary Rahul Khullar has said that the exports and imports may touch about 300 billion and 460 billion US dollar respectively.