October 2022 records a Trade Surplus at K2.8 Billion
The country recorded a trade surplus of K2.8 billion in October 2022 compared to a surplus of K1.6 billion in September 2022 (see Table 10).
Exports mainly comprising domestically produced goods, increased by 2.8 percent to K15.2 billion in October 2022 from K14.7 billion in September 2022. This was mainly on account of a 15.5 and 5.7 percent increase in export earnings from consumer goods and intermediate goods, respectively (see Table 2.2 in Annex).
Imports decreased by 6.1 percent to K12.3 billion in October 2022 from K13.1 billion in September 2022. This was mainly as a result of 19.9, 6.8 and 1.8 percent decreases in import bills of consum er good, raw m aterial s and capital goods (see Table 2.2 in Annex).
Table 10: Total Exports, Imports and Trade Balance, Jan to Oct 2022 (K’ Billion)
|Months||Imports||Domestic Exports||Total Exports||Trade Balance|