Merchandise exports decline marginally in July on global worries

Merchandise exports declined marginally (a little over one percent) to $33.98 billion in July because of the continuous, on-going international trade disruptions. The major drivers of merchandise exports growth in July 2024 include electronic goods, engineering goods, drugs & pharmaceuticals, meat, dairy & poultry products and RMG of all textiles. "Electronic goods exports increased by 37.31 percent from $2.04 billion in July 2023 to $2.81 billion in July 2024," says an official release.