$27.99 billion Exports, $39.23 billion imports took place in May

The export trade grew by 12.4% in May and stood at $27.99 billion in May, while the imports were at $39.23 billion, putting the trade deficit at $11.23 billion. The WTO upgraded the trade forecast of the country from 4.5% to 4.7% recently, though still below the 20 year average of 5.3%. Gold imports in May reduced by 72% while silver imports shrank by 37% but the oil imports grew slightly by 2.5% in May as per figures released this morning.

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