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Market Commentary

12 Jan 2018

2017 trade surplus revised up slightly to USD2.9 billion. The Custom Office revised up 2017’s official trade surplus to USD2.9 billion from USD2.7 billion, which was previously estimated by GSO. December exports were increased slightly by 2.1% from GSO’s number to USD19.7 billion while imports were mostly in line with GSO’s estimate at USD19.9 billion, which resulted in a small deficit of USD200 million vs USD500 million previously.

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