Indian exporters fret as shipment value to troubled Hong Kong dips 6.6%

A drop in the number of people attending a key trade fair in Hong Kong later this month following advisories against travel to the city could further weaken India's exports, experts say

Shipments of gems and jewelry to Hong Kong, India’s biggest market, have declined 6.6% from a year earlier to $3.2 billion in the first four months of the year that started in April, according to the Gem & Jewellery Export Promotion Council. The fall could deepen if protests in Hong Kong continue, Sabyasachi Ray, executive director at the trade ministry-backed group, said Tuesday.

Shipments to Hong Kong, which comprised almost a third of India’s gems and jewelry exports, fell about 17% to $11.1 billion in the last fiscal year as the protracted trade war between the US and China sapped