India’s merchandise exports plunge by 27.7 percent in June, 9th month of deep declines

October 1st, 2009 NEW DELHI - India's merchandise exports fell for the 11th straight month in August, with the value of shipments falling 19.4 percent to $14.29 billion from $17.72 billion in the like month of last year. According to an official trade data released Thursday, merchandise exports during the first five months of this fiscal were down 31 percent at $64.13 billion, compared with $92.96 billion registered duing the corresponding period of last fiscal.

September 1st, 2009 NEW DELHI - India's merchandise exports fell for the 10th straight month in July and were valued 28.4 percent lower at $13.62 billion against $19.04 billion during the corresponding month last year, latest trade data showed Tuesday. Cumulative value of exports for the first four months of this fiscal (April-July) was $49.65 billion - 34.1 percent lower than the $75.29 billion that was logged during the year-ago period, as per the data released by the commerce ministry.

August 3rd, 2009 NEW DELHI - India's merchandise exports fell for the ninth straight month in June and were valued at $12.82 billion, down 27.7 percent over $17.73 billion registered in the like month last year, the latest trade data showed Monday. Imports, too, declined 29.3 percent in June, and were valued at $18.98 billion against $26.86 billion in the corresponding month of last year, showed the data release by the commerce and industry ministry.

July 1st, 2009 India's exports plunge 29.2 percent in MayMUMBAI, India — India's exports fell by nearly a third in May, the eighth straight month of declines, as overseas demand withered. Merchandise exports were valued at 534.3 billion rupees ($11.0 billion), up slightly from April, but down 29.2 percent in dollar terms from 655.0 billion rupees ($15.5 billion) a year earlier, according to government figures Wednesday.

July 1st, 2009 NEW DELHI - India's merchandise exports continued to suffer a setback this fiscal to register a decline for the second straight month with the value of shipments 29.2 percent lower at $11.01 billion in May over the same month of last fiscal. Merchandise exports had dipped 33.2 percent to $10.74 billion in April, while in May last year, they were valued at $15.55 billion, as per latest data on foreign trade released here Wednesday by the commerce and industry ministry.

June 9th, 2009 German exports plungeBERLIN — Germany, Europe's largest economy, saw its exports plunge nearly 30 percent in April as the global economic crisis continued to hurt demand for its products, the Federal Statistical Office reported Tuesday. The country saw exports drop to euro63.8 billion ($88.47 billion) in April, compared with euro89.5 billion in the same month the previous year — a drop of 28.7 percent.

June 1st, 2009 NEW DELHI - The current fiscal year has started on a sour note for India's merchandise exports sector with the value of such shipments down 33.2 percent at $10.74 billion in April against $16.08 billion in the same month of the previous fiscal. Imports, too, fell 36.6 percent to $15.75 billion in April from $24.82 billion in the like month of last year, according to official data on external trade released by the commerce and industry ministry Monday.

June 1st, 2009 India's exports plunge 33.2 percent in AprilMUMBAI, India — India's exports fell by a third in April, the biggest drop since 1991 and the seventh-straight month of declines, as overseas demand withered. Merchandise exports during April were valued at 537.8 billion rupees ($10.7 billion), down 33.2 percent in dollar terms from last April's 643.4 billion rupees ($16.1 billion), according to government figures Monday.

May 1st, 2009 NEW DELHI - India's merchandise exports fell short of the target set for the previous fiscal and were valued at $168.7 billion, up merely 3.4 percent over $163.13 billion in the year before, latest trade data showed Friday. The government had set a target of $200 billion, which could not materialise due to the general downturn in the global economy and recession in some of the country's largest trading partners such as the US and Britain.

March 2nd, 2009 NEW DELHI - India's merchandise exports fell for the fourth consecutive month in January and were valued at $12.381 billion, down 15.9 percent from the $14.717 billion registered in the like month of last fiscal. Cumulatively, the exports registered a mere 13.2 percent growth in the first 10 months of this fiscal at $144.266 billion against $127.454 billion in the like period of the previous year, official data showed Monday.

February 2nd, 2009 NEW DELHI - India's merchandise exports will fall again in January - by as much as 22 percent - after three successive months of decline since October, because of the global economic meltdown, Commerce Secretary G.K. Pillai said Tuesday.

February 2nd, 2009 NEW DELHI - India will clock a growth of over 7 percent this fiscal, Commerce Minister Kamal Nath said here Tuesday. Referring to the general belief that the economic growth would slow down considerably, Kamal Nath said at an awards function organised by the Export Promotion Council: 'The gross domestic product (GDP) will grow by over 7 percent.' Incidentally, India's central bank itself has revised downwards its growth forecast to 7 percent from 7.5-8 percent predicted earlier.

February 1st, 2009 NEW DELHI - India's merchandise exports registered a decline for the third straight month in dollar terms and were valued at $12.690 billion, down 1.1 percent over $12.825 billion logged during the like month of last fiscal. Cumulatively, however, the exports grew 17.1 percent during the first nine months of the fiscal to $131.990 billion, against $112.737 billion during the corresponding period of the previous fiscal, official data showed Monday.

February 1st, 2009 NEW DELHI - After registering a decline for two successive months, India's merchandise exports were marginally up 1.1 percent in December at $12.690 billion, as against $12.825 billion during the like month of last fiscal. Cumulatively, the exports grew 17.1 percent during the first nine moths of the fiscal to $131.990 billion against $112.737 billion during the corresponding period of the previous fiscal, official data showed Monday.

December 31st, 2008 NEW DELHI - The New Year started with some disheartening news for India's exporting community with the latest trade data showing a 9.9-percent drop in outbound merchandise shipments in November - the second straight month of decline. Exports during November were valued at $11.505 million, which was 9.9 percent lower than the $12.768 million during the like month of last fiscal, as per data released by the commerce and industry ministry Thursday.