Business »  Topic »  Exports contract 6% in August, trade deficit narrows to $13.45 billion

Exports contract 6% in August, trade deficit narrows to $13.45 billion


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Critical exports such as those of processed petroleum took a beating with receipts falling by more than 10% to $3.31 billion

Exports in August contracted for a second time in the current fiscal year as poor performance plagued all major foreign-exchange earners such as petroleum oil, gems and jewellery, and engineering goods.

Outbound trade dropped 6.05 per cent after rising by 2.25 per cent in July. According to the data released by ...


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