Export Performance after Devaluation

Ashok V Desai Is the fall in export earnings after devaluation due to a decline in the volume of exports or in the unit prices of exports?
While we have no direct evidence to answer the question one way or the other, if we look at internal prices we find that prices of commodities whose exports are moving have, by and large, risen substantially while prices of those whose exports have fallen are stagnant or even depressed.