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Home > All news > Export > Marginal Exports dips on the back of deteriorating global situation, drop in commodity prices and profitable domestic market: FIEO President

Marginal Exports dips on the back of deteriorating global situation, drop in commodity prices and profitable domestic market: FIEO President

August 17, 2024
Reading Time: 2 minutes

New Delhi - Responding to the Monthly exports figures of July 2024, FIEO President, Mr Ashwani Kumar said that the marginal dip in merchandise exports by a little over 1 percent to USD 33.98 billion is because of the continuous one after the other ongoing international trade disruptions. The sharp drop in crude, commodities and metal prices have also played their role in declining values of exports. Some of the exporters have diverted to the domestic market as profitability in exports have taken a hit with sharp rise in international freight (both ship and air), added FIEO President. Mr . . .

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