AMN / WEB DESK
Electronic goods, Iron Ore, Ceramic products, and several agricultural commodities have registered growth in export in the last month in comparison to the corresponding period of last year. According to the Commerce and Industry Ministry, electronic goods registered 73.96 percent growth while other cereals witnessed a significant increase by 67.96 percent, spices 49.84 percent, Iron Ore 48.26 percent, and Ceramic products 17.36 percent.
The Ministry said, the country’s overall exports including merchandise and services are estimated to be over 60 billion US dollars in May this year. Merchandise exports were 34.98 billion US dollars in the last month while the estimated value of services export for May 2023 is 25.30 billion US dollars. The Ministry said the country’s trade deficit has shown a considerable decline in April-May 2023. The overall trade deficit for this period is estimated at 13.28 billion US dollars as compared to the deficit of 20.56 billion US dollars during April-May 2022, registering a decline of 35.41 percent.