Business Standard

Monday, December 23, 2024 | 03:00 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Exports fall 10.21% to $23.64 bn in July, trade deficit narrows to $4.83 bn

Oil imports declined by 31.97 per cent to $6.53 billion in the month under review. Gold imports grew by 4.17 per cent to $1.8 billion

trade, export, container, import, shipping, sea, business, seafarer, merchan navy
Premium

The outward shipments in July, however, recovered from a steeper decline of 60.28 per cent in April, 36.47 per cent in May, and 12.41 per cent in June.

Press Trust of India New Delhi
Contracting for the fifth straight month, India's exports slipped 10.21 per cent to $23.64 billion in July, on account of decline in the shipments of petroleum, leather and gems and jewellery items, according to the government data released on Friday.

The country's imports too dipped 28.4 per cent to $28.47 billion in July, leaving a trade deficit of $4.83 billion, compared to a shortfall of $13.43 billion in the same month last year, as per the data.

The outward shipments in July, however, recovered from a steeper decline of 60.28 per cent in April, 36.47 per cent in May, and

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in