Exports up 10.22% to $26.4 bn in June

Imports up 8.33%;gold imports up 65.13% to $3.12 billion in June

Merchandise exports in June rose by 10.22 % to $26.4 billion compared to $24.02 billion in the same month last year.

However, exports growth slowed down a tad from the previous month. Exports registered a growth rate of 12.40 % in May.

On the other hand, imports also grew by 8.33 % to $38.24 billion over $35.3 billion in June last year. As a result, the trade deficit reached $11.76 billion.

Total exports during the first quarter April-June stood at $80.11 billion, up 9.31 % over $73.28 billion in the corresponding period of last fiscal, according to the data released by Ministry of Commerce and Industry here today.

However, cumulative imports during April-June contracted 6.92 % to $113.19 billion as against $121.61 billion during the same period last year.

In June oil imports soared by 10.90 % to $13.34 billion compared to $12.03 billion. Total oil imports during the period April-June also grew by 4 % to $40.78 billion from $39.20 billion.

Non-oil imports during the month under review were up by 7 % to $24.9 billion.

Gold imports in the month were up by 65.13 % to $3.12 billion in June this year from $1.88 billion in the same month last year.