November 2021 trade deficit: Trade deficit at $22.9 billion
The country’s merchandise exports jumped 27.16% to $30.04 billion in November thanks to sectors such as petroleum products, technical goods and electronic goods, government data showed today. Tuesday. Exports reached $23.62 billion in the year-ago period. Imports stood at $52.94 billion, up 56.58% based on $33.81 billion worth of imported shipments during the same period last year.
In November 2021, the trade deficit – the difference between imports and exports, stood at $22.91 billion, compared with $10.19 billion in November 2020, according to trade industry data. . Gold imports rose nearly 40% to $4.22 billion, compared with 3.02 billion in the same period last year.
In the period April-November 2021, merchandise exports totaled $263.57 billion, up 51.34% from $174.16 billion in the same period last year.
Exports of petroleum products in November increased by 154.22% to $3.95 billion annually. Technical shipments outbound grew to nearly $8 billion, up 37% year-on-year.
In terms of imports, shipments of ‘coal, coke and briquetting coal’ totaled US$3.57 billion, up 135.81% compared to November 2020. Imports of ‘petrol, crude oil and products’ also increased by 132.43% to 14.67 billion USD. Imports of vegetable oils increased by 78.82% to 1.75 billion USD.
The data also shows that the estimated value of services exports for November 2021 is 20.33 billion USD, up 16.88% compared to the same month last year – when reaching 17.39 billion USD.
The value of services imports is estimated at $11.81 billion, marking a growth of 20.71% compared to November 2020, when it was $9.78 billion.
