The country's exports declined 21.1 per cent, to 24 billion dollars in March this year. Imports contracted 13.4 per cent, to 35.7 billion dollars in March, leaving a trade deficit of 11.8 billion dollars. Cumulative exports contracted 1.2 percent, to 310.5 billion dollars in the 2014-15 fiscal, and missed the annual target of 340 billion dollars. Imports slipped 0.6 per cent, to 447.5 billion dollars, leaving a trade deficit of 137 billion in the last fiscal. Oil imports tumbled 52.7 per cent in March this year. But gold imports almost doubled, to 5 billion dollars during the month.