Feb trade deficit narrows to $6.8 billion, lowest in 17 months

Imports fell an annual 15.66% last month y-o-y to $28.39 billion

The trade deficit narrowed to a 17-month low of $6.8 billion in February as oil imports declined by over 55 percent from a month earlier, government data showed on Friday.

Imports fell an annual 15.66 percent last month year-on-year to $28.39 billion. Merchandise exports also declined 15.02 percent year-on-year to $21.55 billion, the data showed.