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Home > All news > Economy, Export Import, Logistics, Trade > August exports decline by over 9 % YoY amidst global economic uncertainties coupled with drop in commodity prices and logistical challenges: FIEO President

August exports decline by over 9 % YoY amidst global economic uncertainties coupled with drop in commodity prices and logistical challenges: FIEO President

September 18, 2024
Reading Time: 2 minutes

New Delhi - Reacting to the August goods exports of USD 34.71 billion, which saw a decline of over 9 percent, FIEO President, Mr Ashwani Kumar said that such a sharp decline in merchandise exports has come amidst continuous global economic uncertainties coupled with drop in commodity prices and logistical challenges. Mr Ashwani Kumar added that the ongoing international trade disruptions along with drop in crude and metal prices have also played key role in bringing down the value of exports. Some of the exporters have diverted to the domestic market as profitability in exports have taken . . .

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