Reacting to a marginal decline in December exports by 1.80 percent at $27.36 bn during the month, FIEO President, Sharad Kumar Saraf said that global and domestic factors have again led to the decline in exports. Protectionism coupled with a few other key factors including trade war, escalation of tension between Iran and the US and slowdown in economies across the globe has further added to the woes of the India’s exports sector, added Saraf. FIEO Chief said that with major global players including China also losing its sheen in exports, the Indian exports is passing through a very tough and challenging times. The currency volatility besides fluctuation in commodities prices including that of crude have also led to the decrease in exports of petroleum, which is a major constituent of India’s exports.