Trade deficit in May likely to reach US$700 mln

The statistics office has predicted that the trade deficit in May would rise sharply to US$700 million.

Exports were estimated at US$9.1 billion, up 1.5 percent and imports at US$9.8 billion, up 9.4 percent over April.

However, the trade deficit in the first five months of 2012 is just one tenth of the figure recorded in the same period last year.

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