scorecardresearchMerchandise Trade: Still-elevated deficit; FY23 CAD now seen at 3.4%

Merchandise Trade: Still-elevated deficit; FY23 CAD now seen at 3.4%

Updated: 05 Sep 2022, 12:18 PM IST
TL;DR.
  • Exports declined by 9% month-on-month (MoM) and 1.1% year-on-year (YoY) to US$33bn, reflecting weak global demand and the effect of various control measures by the government.
Oil exports fell by 23% MoM after falling by more than 26% the previous month.

Oil exports fell by 23% MoM after falling by more than 26% the previous month.