Exports up by 70.2% y/y in April 2021
In April 2021, exports surged by 70.2% y/y to US$ 378.3mn after increasing by 30.6% y/y in previous month. Notably, exports were also up by 21.7% compared to April 2019 level. Imports increased by 56.5% y/y to US$ 749.1mn, after growing 18.5% y/y in previous month. As a result, trade deficit widened by 44.7% y/y to US$ 370.7mn in April. Overall in 4M21, trade deficit was up by 3.6% y/y to US$ 1.5bn, as exports increased by 19.6% y/y to US$ 1.2bn and imports increased by 10.1% y/y to US$ 2.7bn.
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