Thus, the trade deficit for April-June 2009 was estimated at $15.50 billion against $28.64 billion during the like period of last fiscal.

Thanks to lower prices of crude oil in global markets, the country's import bill on that count was as much as 50.6 percent lower in June. Such imports were valued at $5 billion, against $10.12 billion.

Cumulatively, such imports were down 56.8 percent during the first three months of this fiscal and were valued at $12.77 billion, against $29.54 billion in the like period of the previous fiscal.