Exports contract over 12% in June

Top Stories

»	Sensex, Nifty surge up to 1 pc in early deals; IT shares lead gains
»	HDFC Bank Q2 profit rises 5 pc, misses estimates on higher provisions
»	FIIs turn net buyer in Indian market as sentiment improves
»	India-US trade deal 98-99 per cent done: US official
»	FM Sitharaman pushes for early India-US trade deal

SME Times News Bureau | 15 Jul, 2020
The contraction in India's exports narrowed down further in June, as merchandise exports stood at $21.91 billion.

Accordingly, the contraction caused by Covid-19 pandemic narrowed down to ( -) 12.41 per cent in June on a year-on-year basis from a (-) 36 per cent fall reported for May.

On a YoY basis, the country's exports fell during the month under review to $21.91 billion from $25.01 billion reported for the corresponding period of the previous year.

In terms of sequential movement, the country's merchandise exports in May had stood at $10.36 billion.

"Major commodity groups which have recorded positive growth during June 2020 vis-a-vis June 2019 are iron ore, oil seeds, rice, oil meal, spices, other cereals, organic and inorganic chemicals, cereals preparations and miscellaneous processed items, fruits and vegetables, drugs and pharmaceuticals, tobacco and coffee," the Ministry of Commerce and Industry said in a statement.