First in 17 months, exports fall

Merchandise exports final month dropped 0.8 per cent from a yr earlier than, albeit on an unfavourable base, to $35.2 billion — the primary month-to-month decline since February 2021 and in contrast with a 23.5 per cent year-on-year soar in June — confirmed preliminary information launched by the Commerce Ministry on Tuesday.

Imports, nevertheless, surged 43.6 per cent in July to $66.3 billion, driving up the commerce deficit to a contemporary month-to-month peak of $31 billion. Sequentially, exports in July fell 12 per cent from June. FE

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