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Export growth slows: Trade deficit hits 5-month high

FE Bureau

Merchandise exports grew just 0.6% in April, the slowest since December 2018, while imports inched up 4.5%, inflating trade deficit to a five-month peak of $15.33 billion.

Excluding petroleum and gems & jewellery, exports contracted 1.3% in April and non-oil and non-gold imports shrank 2.2%.