Exports rose for a fifth straight month in December, but the figures for the entire year remain in the red, down 1% from a year earlier.
The Commerce Ministry reported yesterday customs-based exports rose 4.7% year-on-year in December to US$22.8 billion, following a 4.9% rise in November.
Imports decreased by 3.1% to $21.8 billion, resulting in a trade surplus of $973 million.
Exports of agricultural and agro-industrial products declined by 3.2% year-on-year in December to $3.48 billion, led by fresh, chilled, frozen and dried fruit (-27.9%), canned and processed seafood (-13.3%), cassava products (-51.2%), and animal and vegetable fats and oils (-40.8%).
Industrial product exports expanded by 5% to $18.2 billion,…
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