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Coronavirus: Indian exports plunge 36% in May on global demand decline

Merchandise exports were down by 36.47% to $19.05 billion in May, while imports were down 51.05% to $22.20 billion, the data showed

twitter-logoReuters | June 15, 2020 | Updated 18:46 IST
Coronavirus: Indian exports plunge 36% in May on global demand decline
Merchandise exports were down by 36.47%

India's merchandise exports shrank by more than a third in May from a year ago, dragged down by a fall in global demand and shipments due to the outbreak of coronavirus, trade ministry data showed on Monday.

Merchandise exports were down by 36.47% to $19.05 billion in May, while imports were down 51.05% to $22.20 billion, the data showed.

Also Read: Delhi's coronavirus tally climbs by 10,000 in just six days; more than 41,000 cases reported

Also Read: Coronavirus: Record 11,929 cases, 325 deaths in a day; India's tally 3.32 lakh

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