Trade Volume Update: MAIB Farm Equipment Report Released!
The Machinery Exporters Association (MAIB) issued a report highlighting the progress in the merchandise trade during the January-November period. The report outlined that the exports increased by about 29.4 percent compared to the same period of the previous year.
The total exports which do not include the tractor components amounted to around 1.181 million U.S. dollars in this period. Thus, the sector ranked 6th among 22 sectors in national machinery export. In the January-September period, farm equipment imports increased by 88.1 percent year-on-year and reached 734 million USD. On trade balance, the ratio was about 162,6 percent, which indicates a trade surplus in the Ag-Machinery industry.
The trade value of the entire machinery sector grew by 25 percent to US$ 19.07 billion year-on-year. The overall trade in goods per kilogram was at $ 5.8. In terms of farm machinery, the export value per kilogram was $ 4.6. The major export partners were the USA, Italy, Uzbekistan, Iraq, Azerbaijan, Sudan, Russia, France, Serbia, and S.Africa.
Bu içerik 281 defa okunmuştur.
