EXPORTS REACH $242.80 BILLION IN THE FIRST 10 MONTHS OF 2011-2012

摘要

Total merchandise exports in the first 10 months of the financial year through January reached $242.80 billion, triggering hopes of meeting the governments target of $300 billion for the whole year, on the other hand, cumulative imports stood at $391.45 billion, widening the trade deficit to $148.67 billion, the government said today. In January, exports rose by 10.10 per cent to reach $25.34 billion, compared to $23.02 billion in the same month last financial year, while imports topped $40.10 billion, up 20.25 per cent from $33.35 billion in 2010-2011, according to data released by the ministry of commerce and industry. In November and December, the exports growth had fallen to single digit year-on-year.