Goods exports increased by 8.2% y/y in Mar-25
In Mar-25, goods exports increased by 8.2% y/y to US$ 565.8mn, rebounding from a 7.1% y/y decline in previous month. Similarly, goods imports rose by 14.3% y/y to US$ 1.4bn, after a 3.9% y/y decrease in previous month. Consequently, the trade deficit increased by 18.8% y/y to US$ 837.3mn in Mar-25.
Overall, in 1Q25, the trade deficit increased by 28.9% y/y to US$ 2.8bn, driven by a 5.7% y/y rise in exports, totaling US$ 1.4bn, while imports grew by 20.1% y/y, reaching US$ 4.2bn.
Money transfers increased by 3.9% y/y in Mar-25
Money transfers increased by 3.9% y/y to US$ 291.9mn in Mar-25, after a 5.3% y/y decline in previous month. Among the top countries, money transfers increased from the EU (+12.6% y/y, 46.4% of total), the USA (+21.7% y/y, 18.8% of total), Israel (+1.8% y/y, 7.4% of total), Türkiye (+3.5% y/y, 3.0% of total) and Kyrgyzstan (+154.8% y/y, 2.4% of total) in March. In contrast, transfers reduced from Russia (-29.1% y/y, 13.0% of total) and Kazakhstan (-44.3% y/y, 2.3% of total).
Overall, in 1Q25 money transfers declined by 3.2% y/y to US$ 786.6mn.
