According to data released by the Ministry of Commerce and Industry on Friday, petroleum products, organic and inorganic chemicals and drugs and pharmaceuticals showed a high export growth rate.
"Non-petroleum and non-gems and jewellery exports during May 2018 were valued at $19.94 billion as compared to $17.51 billion during May 2017 exhibiting a positive growth of 13.85 per cent," the ministry said in a statement.
As per the data, the country's imports during the month under review rose by 14.85 per cent to $43.48 billion in May 2018 from $37.86 billion in the like period of 2017.
Segment-wise, oil imports during May 2018 jumped by 49.46 per cent to $11.50 billion from $7.69 billion imported during May 2017.
The ministry pointed out that global Brent prices ($/bbl) have increased by 50.68 per cent in May 2018 vis-a-vis May 2017.
"Non-oil and non-gold imports in May 2018 valued at $28.50 billion has recorded a positive growth of 13.09 per cent as compared to non-oil and non-gold import in May 2017," the statement said.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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