Import and export turnover reaches US$515 billion by mid-December

The export turnover throughout the first half of December reached a figure of roughly US$12.3 billion, in which four groups of goods had a turnover of US$1 billion or more, including phones and accessories, computers, electronic products and components, garments and textiles, along with machinery and equipment.

Most notably, the turnover of computers, in addition to electronic products and components, reached over US$2 billion, thereby exceeding phones and components at only US$1.9 billion.

In relation to imports, the first half of the month witnessed the nation earn a turnover of approximately US$13.2 billion. Of the figure, three groups of goods reached a figure of US$1 billion or more, including phones and accessories, computers, electronic products and components, in addition to machinery and equipment.

Imported computers, along with electronic products and components, hit a turnover figure of US$60.6 billion.

Accumulated since the beginning of the year to December 15, the nation’s total export turnover reached a sum of US$267 billion, whilst total import turnover stood at US$248 billion.

Throughout the reviewed period, the country ran a trade deficit of close to US$1 billion, however, since the beginning of the year the nation has been able to set a record surplus of roughly US$19 billion.