Trade woes: Exports contract for fifth straight month in December

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Published: January 16, 2020 4:15:30 AM

Exports dropped 1.8% y-o-y in December to $27.36 billion, the fifth straight month of contraction, despite a favourable base, as external headwinds, on top of subdued domestic manufacturing, continue to hurt.

But trade deficit still dropped to .3 billion in December from .1 billion in NovemberBut trade deficit still dropped to .3 billion in December from .1 billion in November

Exports dropped 1.8% y-o-y in December to $27.36 billion, the fifth straight month of contraction, despite a favourable base, as external headwinds, on top of subdued domestic manufacturing, continue to hurt.

But trade deficit still dropped to $11.3 billion in December from $12.1 billion in November, as imports dropped 8.8%, mirroring a slide in consumption.

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