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Trade deficit expanded to US$ 150 mn in Januaryrnfrom US$ 131 mn in the same period 2002, largely due to higher import costs, thernCentral Bank said on Tuesday.
rnldblquote Export growth was supported by a strongrnperformance of industrial exports, mainly machinery, mechanical and electricalrnequipment, and textiles and garments, dblquote the bank said.
rnExports
Export earnings in January rose to US$ 382 mnrnfrom US$ 343 mn during the same period 2002. The high growth was led by a 16rnpercent increase in industrial exports, partly offset by a 9 percent decline inrnag