Exports contract 0.3% to $21.51 billion in August – Feedback

Merchandise exports fell for the second consecutive month in August, going down by a marginal 0.30 per cent.

Exports fell to $21.51 billion in August, against $21.58 billion in the corresponding period last year, government data showed on Thursday. In the month of July, exports had contracted 6.84 per cent, to $21.68 billion. Cumulative exports for the April-August period of FY17 stood at $108.51 billion, compared with $111.85 billion for the corresponding period in FY16. Imports also declined by 14.09 per cent to $29.19 billion in August, compared with the year-ago period, when it was $33.98 billion. Cumulative imports in the current financial year reached $143.18 billion, compared with $170.23 billion in the previous year. The fall in exports had reached its lowest possible levels and would start growing soon, commerce ministry sources said.


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