Responding to the monthly Trade Data for August 2022, FIEO President, Dr A Sakthivel said that exports of $33 bn with a marginal decline of 1.15 percent, has been mainly because of the headwinds in global trade and the inventories are very high across the world. Supply side disruptions due to Russia-Ukraine and China-Taiwan crisis and inflation plaguing almost all the economies as the purchasing power has also dwindled, affecting the off-take and thus the demand is also showing signs of slowdown. However, the demand for low-value products is increasing, helping our MSMEs, added Dr A Sakthivel. FIEO President is also of the view that as buyers are moving from China, both as China is becoming costlier and less reliable with a zero Covid tolerance policy and as anti-China sentiments are gaining ground day-by-day, which itself is a very positive development in the medium to long-term.