Exports decline 22% to $32.97 billion in June

New Delhi: Exports in June dropped 22 per cent to $32.97 billion, mainly due to demand slowdown in the global markets from $42.28 billion a year earlier, according to the commerce ministry data.

Imports also declined 17.48 per cent to $53.10 billion in June.

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Commerce Secretary Sunil Barthwal said trade sector growth is in the hands of global factors.

However, he said, the trade deficit during April-June improved by 7.9 per cent to $57.6 billion from $62.6 billion in the same period last year.

PTI