May exports fall -25.5 pct year-on-year, worst in 11 years

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The contraction is sharper than the 19.9 pct drop forecast by analysts.

The country's exports in May plunged 25.

5 percent from a year earlier, its worst performance in more than a decade, amid a global slowdown caused by the Covid-19 pandemic, government data showed on Monday.and the lowest since May 2009 when exports tumbled 29.5 percent, according to Refinitiv Eikon data. In April, shipments had fallen 23.8 percent year-on-year.

 

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