Visible trade gap shrinks by Lm71.3m
The National Statistics Office last week reported that over the first
ten months of the year, the visible trade gap contracted by Lm71.3 million
to Lm289.5 million from Lm360.8 million last year.
Meanwhile, in October this year imports declined by Lm47.8 million to
Lm108.5 million when compared to the same month last year.
The importation of Industrial Supplies dropped by Lm33.8 million to
Lm56.6 million from Lm90.4 million last year. Imports of Capital Goods
were down by Lm4.2 million to Lm18.2 million. Consumer Goods imports
were up by Lm1.8 million to Lm29.7 million. At Lm4.0 million, fuel imports
were down by Lm11.6 million when compared to last year.
In the month under review, total exports dropped by Lm31.2 million to
Lm67.6 million from Lm98.8 million last year. While domestic exports
were down by Lm33.4 million, re-exports were up by Lm2.2 million to
In the ten-month period to October this year, imports dropped by Lm206.8
million, or 16.8 per cent, to Lm1027.6 million from Lm1234.4 million
Imports of Industrial Supplies were down by Lm172.9 million to Lm541.0
million from Lm713.9 million last year. Capital goods imports dropped
by Lm29.1 million to Lm170.6 million. At the same time, the importation
of Consumer Goods was up by Lm4.4 million to Lm233.1 million. Fuel imports
declined by Lm9.2 million to Lm82.9 million from Lm92.1 million last
In the period under review, total exports declined by Lm135.5 million
or 15.5 per cent to Lm738.1 million from Lm873.6 million last year.
Domestic exports were down by Lm130.7 million to Lm663.7 million from
Lm794.4 million last year. Re-exports went down by Lm4.8 million to
Lm74.4 million from Lm79.2 million last year.