Exports taper for fifth successive month
- Exports decline in December was driven by petroleum products (-4.2% vs -13.1% previous month), gems and jewellery (-8.2% vs -8.1%), and plastic products (-18.7% vs -15.3%)
- Engineering goods and chemicals, whose exports had briefly recovered in the past two months, slipped again in the negative territory. Engineering exports declined 1.2% (6.3% growth in November), and organic and inorganic chemicals declined 5.1% (2.5% growth)
- Deterioration was also seen in key exports of agriculture and allied products, such as rice (-5.4% vs 4.7%) and meat, dairy and poultry products (-17.7% vs 8.3%)
1 All trade figures are in US $ terms
Analytica