Balance of Visible Trade showed a deficit of Rs 13,898 million in June 2023, lower by 32.1% compared to the previous month and by 25.5% compared to the corresponding month of 2022.
In June 2023, total imports decreased by 23.9% compared to May 2023 and by 22.1% compared to June 2022 whereas total exports decreased by 5.1% compared to May 2023 and by 15.9% compared to June 2022.
In June 2023, South Africa (11.5%), France (10.6%), United Kingdom (8.8%), United States (8.1%), Spain (6.9%) and Madagascar (6.1%) were our major exports destinations while our imports were mainly from China (17.6%), U.A.E. (7.4%), Oman (6.9%), India (6.3%), South Africa (6.2%) and Brazil (5.8%).
Trade_M_Jun23_150823 Monthly External Merchandise Trade Statistics - June 2023