This is expected to be the steepest fall in monthly exports since 2008-09, when shipments dipped 33.3 per cent in March 2009. This is the steepest decline since November 2015, when imports declined 30.26 per cent. Exports in March stood at $21.41 billion, down 34.57 per cent compared with $32.72 billion in the same month last year. This is expected to be the steepest fall in monthly exports since 2008-09, when shipments dipped 33.3 per cent in March 2009. The dip in exports and imports narrowed the trade deficit — the difference between imports and exports — in March to $9.76 billion, the lowest in the last 13 months.

Source: The Telegraph April 15, 2020 19:52 UTC