Year-on-year, imports jumped 46.2 percent to USD 21.5 billion, driven by higher purchases of intermediate goods (62.3 percent); consumption goods (19.3 percent) and capital goods (6.6 percent). China was the main import partner (9.9 percent share), followed by Germany (8.5 percent), Russia (8.4 percent), the USA (6.4 percent) and Switzerland (5.6 percent).
Exports advanced 28.3 percent to USD 12.6 billion, mainly boosted by sales of manufacturing (28.4 percent); mining and quarrying (44.6 percent) and agriculture, hunting and forestry (11.7 percent). Germany was the main export partner (26.1 percent share), followed by UAE (8.7 percent), the United Kingdom (6.4 percent), Iraq (6.1 percent), Italy (5.5 percent) and the USA (5.1 percent).
Considering the January to July period, the trade deficit widened 20.7 percent to USD 39.7 billion from USD 32.9 billion in the same period of 2016, as exports rose 10.3 percent and imports surged 13.5 percent.