This simple data explained July Trade Balance very well: see how raising fuel price at the end of June didn’t have impact: Oil & Gas Import rose 49.90% YoY while Oil& Gas Export fall 21,83% YoY send July Trade Balance into -$2.3billions
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| ---------------- Change YoY% ----------------- | | | | July | June | May | April | March | | | Total Exports | -6.10% | -4.42% | -4.14% | -8.73% | -12.91% | | | Oil & Gas | -21.83% | -3.42% | -21.44% | -31.14% | -16.00% | | | Crude oil | -7.03% | -5.95% | -3.96% | -27.11% | -21.64% | | | Oil Products | -11.42% | 4.00% | -6.32% | -25.59% | -30.34% | | | Gas | -31.27% | -3.48% | -32.79% | -34.20% | -8.12% | | | Non-oil & Gas | -2.62% | -4.65% | 0.78% | -2.41% | -12.13% | | | | | | | | | | Total Imports | 6.50% | -6.53% | -2.21% | -2.80% | -8.81% | | | Oil & Gas | 49.90% | 5.28% | -0.19% | -11.92% | -2.64% | | | Crude oil | 80.96% | 41.62% | 29.85% | 17.83% | 33.94% | | | Oil Products | 37.48% | -8.62% | -10.02% | -11.36% | -20.30% | | | Gas | 87.88% | 33.49% | 2.00% | -66.67% | 24.38% | | | Non-oil & Gas | -2.31% | -9.49% | -2.72% | 0.13% | -10.82% | | | ------------- USD Million ------------- | | Total Trade Balance | -2,309 | -877 | -527 | -1,703 | 138 | | | Total Exports | 15,109 | 14,759 | 16,133 | 14,761 | 15,025 | | | Oil & Gas | 2,282 | 2,800 | 2,926 | 2,452 | 2,928 | | | Crude oil | 786 | 878 | 1,069 | 776 | 915 | | | Oil Products | 316 | 343 | 361 | 291 | 367 | | | Gas | 1,181 | 1,579 | 1,496 | 1,385 | 1,647 | | | Non-oil & Gas | 12,826 | 11,958 | 13,207 | 12,309 | 12,096 | | | Total Imports | 17,418 | 15,636 | 16,661 | 16,464 | 14,887 | | | Oil & Gas | 4,137 | 3,531 | 3,436 | 3,629 | 3,903 | | | Crude oil | 1,178 | 1,117 | 1,018 | 1,401 | 1,431 | | | Oil Products | 2,737 | 2,192 | 2,199 | 2,005 | 2,115 | | |
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