Categories: Business

Goods exports at record $45billion in May, imports at 7-month high

Engineering goods (24.5% rise to $12.3 billion) and oil products (55% jump to $8.4 billion) were the top drivers of exports, with non-oil exports rising 12% to $36.8 billion. What also helped was some sort of normalcy in shipments to West Asia, with exports in May pegged at $5.3 billion, compared with $5.4 billion a year ago as both sides opened new trade routes.

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