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This is an archive article published on August 3, 2022

First in 17 months, exports fall

Imports, however, surged 43.6 per cent in July to $66.3 billion, driving up the trade deficit to a fresh monthly peak of $31 billion.

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Sequentially, exports in July fell 12 per cent from June. (Express Photo by Narendra Vaskar)Sequentially, exports in July fell 12 per cent from June. (Express Photo by Narendra Vaskar)

Merchandise exports last month dropped 0.8 per cent from a year before, albeit on an unfavourable base, to $35.2 billion — the first monthly decline since February 2021 and compared with a 23.5 per cent year-on-year jump in June — showed preliminary data released by the Commerce Ministry on Tuesday.

Imports, however, surged 43.6 per cent in July to $66.3 billion, driving up the trade deficit to a fresh monthly peak of $31 billion. Sequentially, exports in July fell 12 per cent from June. FE

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