INSUBCONTINENT EXCLUSIVE:
This decline highlights significant changes in export and import patterns amid global market fluctuations.In November, exports reached
$28.021 billion, a slight increase of 0.5%, while imports surged to $20.99 billion, rising by 9.9%
For the year, the cumulative surplus stands at $69.856 billion, a 22% drop compared to 2023.Year-to-date exports totaled $312.271 billion,
up 0.4%, with imports increasing by 9.5% to $242.414 billion
The total trade volume hit $554.685 billion, reflecting a growth of 4.2%.However, agricultural exports faced a steep decline of 25.23% in
November, contrasting with a 10.48% increase in manufacturing exports and a modest rise of 1.57% in the extractive sector.Geographically,
20% Amid Shifting Export Dynamics
(Photo Internet reproduction)In contrast, exports to North America rose by nearly 10%, with South America and Europe also experiencing gains
confidence that trade figures would align closely with projections for 2024, estimating a surplus of $70.4 billion based on expected exports
attention from businesses seeking to navigate this complex landscape effectively.
