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Monday, 31 December 2012 - 8:09
declining trend in imports continued into November
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The declining trend in imports continued into November 2012, given the continued reduction in expenditure on imports such as gold, vehicles, and transport equipment, which have largely driven the decrease in import expenditure in recent months.

Export earnings also recorded a further drop in November 2012, with subdued global economic conditions persisting.

However, reflecting seasonal demand, earnings from exports of items such as garments, tea, gems and jewellery as well as leather, travel goods and footwear recorded positive growth for November 2012.

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