November 2022 records a Trade Surplus
The country recorded a trade surplus of K2.77 billion in November 2022 compared to a surplus of K2.84 billion in October 2022 (see Table 13). Exports mainly comprising domestically produced goods, increased by 6.8 percent to K16.2 billion in November 2022 from K15.2 billion in October 2022. This was mainly on account of 8.7 and 27.7 percent increase in export earnings from Intermediate goods and Consumer goods, respectively (see Table 3.2 in Annex).
Imports increased by 8.9 percent to K13.4 billion in November 2022 from K12.3 billion in October 2022. This was mainly as a result of 13.9, 16.9, and 4.5 percent increases in import bills of, Intermediate goods, Capital goods and Consumer good respectively (see Table 3.2 in Annex).
Table 13: Total Exports, Imports and Trade Balance, Jan. to Nov 2022 (K’ Billion)
|Months||Imports||Domestic Exports||Total Exports||Trade Balance|
Domestic Exports-These are Commodities grown, produced or manufactured locally including commodities imported from foreign countries that have been significantly changed or enhanced in value. Re-Exports=Total Exports-Domestic Exports. (*) Provisional