Exports fell 10.21 percent to 23 23.64 billion in July

(PTI) New Delhi, Ta. Friday, August 14, 2020

India's exports fell 10.21 per cent to 23 23.64 billion in July. Exports have declined for the fifth month in a row. The country's total exports declined in July as exports of petroleum, leather, gems and jewelery declined.

Exports declined by 60.28 per cent in April, 2020, 36.47 per cent in May and 12.41 per cent in June. On the other hand, the country's imports fell 28.4 per cent to 28 28.47 in July. The trade deficit was 4. 4.83 billion in July, compared to 13.43 billion in July last year.

June 2020 saw a trade surplus for the first time in 18 years instead of a trade deficit. In July 2020, oil imports fell 31.97 percent to 6. 6.53 billion. Gold imports rose 4.17 per cent to 8 1.8 billion.

In July, exports of petroleum products fell by 51.54 per cent, gems and jewelery by 51.54 per cent, leather by 26.96 per cent and readymade garments by 22 per cent. On the other hand, exports of rice, iron ore, dairy, poultry, pharma, coffee, engineering and plastics increased.