New Delhi, July 16 (KNN) India’s exports in June 2019 were USD 25.01 billion, as compared to USD 27.70 billion in June 2018, exhibiting a negative growth of 9.71 per cent.

As per the figures revealed by the Commerce Department, non-petroleum and non-Gems and Jewellery exports in June 2019 were USD 19.15 billion, as compared to USD 20.13 billion in June 2018, exhibiting a negative growth of 4.86 per cent.

Non-petroleum and Non Gems and Jewellery exports in April-June 2019-20 were USD 60.10 billion, as compared to USD 59.86 billion for the corresponding period in 2018-19, an increase of 0.40per cent.

Petroleum imports recorded a fall of 13.33 per cent to $11.03 billion in June as global Brent price decreased by 15.81 per cent during the month.

Among other major items, exports of gems and jewellery (10.7%), readymade garments (-9.18%), chemicals (-8.17%) and engineering goods (-2.65%) also contracted.

Imports declined 9.06 per cent during the month to $40.29 billion, which resulted in trade deficit shrinking 7.98 per cent to $15.28 billion, as per figures released by the Commerce Department.

The decline in exports in June 2019 is due to a number of factors, including a high base effect of an extraordinarily good month in June 2018, the projected weakening of global trade growth to 2.6 per cent in 2019 and many major economies, including the US, Japan, China and the EU, showing negative exports,” said Anup Wadhawan, Commerce Secretary at a press conference.