11M05 Negative Trade Balance Reaches USD1.34 bln.
17 January 2008
In January-November, exports of goods grew by 5.6% yoy to USD 31.1 bln, while imports shot up by 24.6% yoy to USD 32.5 bln. Concorde Capital: Imports dominated the foreign trade balance in 2005, due to increased personal incomes. However, export growth in 11M05 is almost eight-fold less than in 2004. Adverse world steel prices seriously undermined ‘s metallurgy exports, a major contributor to total export revenues (~40%).
