Arab Finance: Issue theCentral Agency for Public Mobilization and Statistics monthly data bulletin Foreign Trade August 2024 The value of the trade deficit reached $4.88 billion during August 2024, compared to $4.03 billion for the same month of the previous year, an increase of 21.3%.
According to the report, the value of exports decreased by 7.2%, reaching $3.45 billion during the month of August 2024, compared to $3.72 billion for the same month of the previous year. This is due to a decrease in the value of exports of some commodities, the most important of which are: (crude oil by 52.7%, plastics in their primary forms by 0.1 %, various pastries and food preparations 10.4%, fresh fruits 0.4%.
While the value of exports of some commodities increased during the month of August 2024 compared to their counterpart for the same month of the previous year, the most important of which are (petroleum products by 143.4%, ready-made clothing by 6.4%, iron bars, rods, angles and wires by 13.2%, and dried beans by 47.7%).
The value of imports increased by 7.6%. It reached $8.34 billion during the month of August 2024, compared to $7.75 billion for the same month of the previous year. This is due to the rise in the value of imports of some commodities, the most important of which are: (petroleum products by 81.2%, natural gas by 234.7%, wheat by 26.5%, iron raw materials Or 25.8% solid.
While the value of imports of some commodities decreased during the month of August 2024 compared to their counterpart for the same month of the previous year, the most important of which are: (corn by 17.8%, passenger cars by 28.3%, refined oils by 18.0%, wood and its products by 10.1%)
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