Goods exports growth accelerated in Jun-23 
In Jun-23, goods exports growth accelerated, up by 22.0% y/y to US$ 547.4mn, after a 3.6% y/y growth in previous month. Goods imports also experienced an uptick, rising by 10.0% to US$ 1.2bn in June, after growing by 3.4% y/y in May. Consequently, the trade deficit expanded by 1.8% y/y to US$ 668.4mn, after a 3.2% y/y growth in May. 
Overall, in 1H23, trade deficit increased by 21.3% y/y to US$ 4.2bn, as exports increased by 19.2% y/y to US$ 3.1bn, while imports were up by 20.4% y/y to US$ 7.2bn.