Import of goods remained relatively stable, recording a slight decline from the second quarter of 2022 in the second quarter of 2023.
This is attributed to a decline in value of major imports including petroleum products, industrial machinery, iron and steel and animal and vegetable oils in the period under review.
However, there was a notable increase in importation of rice and chemical fertilizers by 187 per cent and 61 per cent respectively due to the government backed duty-free importation of rice, fertilizer and other food commodities in a bid to ease the cost of living.