The external sector remained relatively stable in April 2019 supported by a contracting trade deficit.
In April 2019, the deficit in the trade account narrowed to US dollars 797 million from US dollars 999 million in April 2018.
The considerable reduction in the trade deficit in April 2019 was due to the decline in import expenditure by 11 per cent (year-on-year) and a marginal increase of export earnings by 0.4 per cent (year-on-year).
Published Date:
Tuesday, June 18, 2019