However, if gold is excluded, then export during the period dropped 43.99 per cent to US$2.94 billion as consumers have been cautious in spending due to the Covid-19 outbreak.
Gold export in the period skyrocketed 97.52 per cent to $12.27 billion, accounting for 80 per cent of the total gems and jewellery export.
Global demand for gold has surged during this period as people are opting for safe-haven assets during the economic crisis.