Trade account narrows to USD 390 Mn in Nov. 2023

The trade deficit narrowed in November 2023, compared to a year earlier and October 2023, as a combined impact of an improvement in exports and a compression in imports. Exports recorded a year-on-year growth for the first time since September 2022.

The deficit in the merchandise trade account narrowed to USD 390 million in November 2023, compared to the deficit of US dollars 449 million recorded in November 2022 as well as US dollars 683 million recorded in October 2023.

In the meantime, the ...