Posted on January 17, 2023

In October 2022, exports exceeded imports by 12.2%; exports amounted to $104.05 billion and imports to $92.76 billion. In the same period exports grew by 0.7% from $103.4 billion. Imports increased by 19.74% from $77.5 billion.

The top export partners were the US (9.7% of total overseas sales), China (7.4%) and Germany (5.8%).

Imports decreased because of reduced acquisitions of chemical products (-10%), plastics and rubber (-18%), textiles (-17%) and vehicles and transport equipment (-8%,), which were partly offset by the increase in mineral products (14%). Their main import partners were China (18.5% of total purchases), India (7.9%) and the US (7.2%).

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