Balance of Visible Trade showed a deficit of Rs 17,314 million in August 2023, higher by 17.2% compared to the previous month and by 4.8% compared to the corresponding month of 2022.
In August 2023, total imports increased by 14.4% compared to July 2023 and by 6.4% compared to August 2022 whereas total exports increased by 9.9% compared to July 2023 and by 9.4% compared to August 2022.
In August 2023, United States (10.5%), South Africa (10.2%), United Kingdom (9.6%), France (8.7%), Madagascar (8.0%) and Spain (7.9%) were our major exports destinations while our imports were mainly from China (14.4%), Oman (12.2%), India (7.2%), U.A.E. (6.7%), South Africa (6.6%) and France (4.8%).
Trade_M_Aug23_171023 (2)