INSUBCONTINENT EXCLUSIVE:
The country achieved unprecedented export values to approximately 50 markets worldwide.Notable destinations included the United States,
Spain, Canada, the United Arab Emirates, and Indonesia
increased by 9.2%, reaching $40.33 billion
This growth primarily stemmed from an increase in export volume rather than price.Imports from the U.S
grew by 6.9%, totaling $40.58 billion
The trade balance with the U.S
showed a slight deficit of $0.25 billion
(Photo Internet reproduction)Agriculture and food sectors set records in exports of beef, pork, cellulose, iron, and fruit juices
The sugar industry experienced significant growth
Sugar and molasses exports reached 38.238 million tons, a 9.01% increase from 2023.Export revenue from sugar rose by 4.63% to $18.614
Total coffee exports reached 47.876 million 60kg bags, a 30% increase from 2023
Export revenue from coffee grew by 38.3% to $12.339 billion.December 2024 saw a 15.2% decrease in coffee exports compared to December 2023,
but revenue increased by 34.3%
Despite overall growth, trade with China faced challenges
Exports to China fell by 40.2% in December 2024.For the entire year, exports to China decreased by 9.3%, primarily due to price drops
Total exports reached $337.036 billion
Total imports amounted to $262.484 billion
The trade surplus stood at $74.552 billion, a 24.6% decrease from 2023 but still above government projections.The Ministry set optimistic
They project exports to reach between $320 billion and $360 billion
Imports are expected to range from $260 billion to $280 billion.The total trade flow is anticipated to be between $580 billion and $640
and growth in high-value sectors indicate a robust export strategy
However, challenges in certain markets like China highlight the need for continued adaptation and market exploration.
