Ex­ports slip 7% in July; gold im­ports halve

The Financial Express - - FRONT PAGE -

AF­TER ris­ing for the first time in 18 months in June, ex­ports shrank again in July, con­tract­ing 6.84% due to de­cline in ship­ments of en­gi­neer­ing goods and pe­tro­leum prod­ucts, re­ports PTI. Gold im­ports more than halved to $1.08 bil­lion. Mer­chan­dise ex­ports to­talled $21.69 bil­lion in July against $23.28 bil­lion a year ear­lier. De­clin­ing ex­ports as well as in im­ports nar­rowed the trade deficit in July to $7.76 bil­lion ver­sus $13.09 bil­lion in the year-ago pe­riod.

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