Import, export prices extends downtrend in August

Prices fell by 1.7% MoM and 3.7% MoM, respectively.

Prices of imports and exports continued to fall in August, declining by 1.7% MoM and 3.7% MoM, respectively.

Compared to the last year, import (+12.7%) and export prices (+14.1%) recorded double digital increases.

The decline in exports and imports was on the back of contractions in the oil and non-oil indices, data from the Department of Statistics showed.

The oil index contracted by 4.0% MoM for imports and 9.5% MoM for exports.

Meanwhile, the imports and exports non-oil index were down 0.7% and 1.6% from last month, respectively.

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