Full-year shipments expand 5.5% to a record $287 billion despite fourth-quarter decline
The dollar value of the country’s exports contracted for a third successive month in December, by a bigger than expected 14.6% from a year earlier as global growth slowed, Ministry of Commerce data showed on Tuesday.
The reading compares with a forecast decline of 11.5% year-on-year in a Reuters poll, and came after a 6.% decline in November.
For the whole of 2022, export value hit a record high of $287 billion, representing growth of 5.5%, the ministry said in a statement.
Among major markets in December, exports to the…