Foreign trade: Exports and imports
Merchandise exports touched $126.45 billion in 2005; as a percentage of GDP, this figure was a mind-boggling 180.6, as compared to 125.9 last year. Goods & services, as a percentage of GDP, stood at 60.8. Oil exports for 2005 were at $162 billion, compared to $110 billion last year. Imports aggregated $54.50 billion in 2005 and as a percentage of GDP it was 29.1. In 2004 imports stood at $41 billion.
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Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
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