In June, the Trade deficit was higher than anticipated as it widened to a record high of $26.18 billion amid a rise in imports of items such as crude oil, gold and coal. Imports jumped 57.55 per cent to a record $66.31 billion.

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In June 2022, export grew 23.52 per cent year on year (YoY) to $40.13 billion, which is expected to slow down during a weak outlook for the global economy.