In the first ten months of this fiscal year, the trade deficit has decreased by a significant 17 percent, which is encouraging.
$19.5 billion was lost in domestic trade during this time, which was indicative of both opportunities and difficulties in the local economy. Still, there was a little dip in the amount of domestic exports in April alone, falling by 9% to $2.035 billion, while domestic imports fell somewhat by 3% to $4.072 billion.
The total value of exports from July to April was $25.028 billion, demonstrating the resilience of some industries in spite of these volatility. On the other hand, imports came to $44.08 billion over the same time period, highlighting the continued necessity of smart and balanced economic management.
