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Indian Merchandise Exports Fall by More Than 36% in May on Back of Low Global Demand

(Image only for representational purpose)

(Image only for representational purpose)

Merchandise exports were down by 36.47% to $19.05 billion in May, while imports were down 51.05% to $22.20 billion, the data showed.

  • Reuters
  • Last Updated: June 15, 2020, 6:19 PM IST
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India's merchandise exports shrank by more than a third in May from a year ago, dragged down by a fall in global demand and shipments due to the outbreak of coronavirus, trade ministry data showed on Monday.

Merchandise exports were down by 36.47% to $19.05 billion in May, while imports were down 51.05% to $22.20 billion, the data showed.

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