March Trade Gap Widens 31.8%

The trade gap widened 31.8 percent in March as the balance of trade registered a deficit of $2.303 billion, higher than the $1.747 billion deficit in the same period last year. Imports amounted to $7.882 billion, up 24 percent due to increased inbound shipment of raw materials, capital goods and consumer goods. Export sales amounted to $5.579 billion, up 21 percent after shipments of electronic products rose 19 percent…

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