Export, imports fall for 4th month in June, but trade turns surplus after 18 years

India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.

Exports in value terms declined by 12.41 per cent to USD 21.91 billion in June on weak global demand due to COVID-19, official data released on▪ …