Trade gap widens

The value of imports in the first eight months of this year dropped by Lm29.8 million, or 3.5 per cent, to Lm829.7 million when compared to the same period last year. The National Statistics Office said the difference was primarily due to a drop of...

The value of imports in the first eight months of this year dropped by Lm29.8 million, or 3.5 per cent, to Lm829.7 million when compared to the same period last year.

The National Statistics Office said the difference was primarily due to a drop of Lm37.6 million in the value of imports of machinery and transport equipment.

Exports dipped by Lm81.3 million in value, representing a 13.5 per cent decrease from Lm603 million a year earlier. This discrepancy was mainly attributed to a drop of Lm63.7 million worth of exports of machinery and transport equipment, the NSO added.

In August, the visible trade gap widened by Lm6.6 million to Lm31.5 million.

The overall visible trade gap for the first eight months widened by Lm51.5 million to Lm308 million.

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