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 leap in June — confirmed preliminary knowledge launched by the Commerce Ministry on Tuesday.
Imports, nonetheless, surged 43.6 per cent in July to $66.3 billion, driving up the commerce deficit to a recent month-to-month peak of $31 billion. Sequentially, exports in July fell 12 per cent from June. FE
