In February, exports fell by 16.02 percent year-on-year to USD 12.29 billion. Sales of non-oil and gas products fell by 12.68 percent to USD 10.40 billion and those of oil and gas dropped by 30.61 percent to USD 893.6 million.
Imports declined by 16.24 percent year-on-year to USD 11.55 billion. Purchases of non-oil and gas products fell by 4.86 percent to USD 9.83 billion and those of oil and gas declined by 50.26 percent to USD 1.72 billion.
Compared to the previous month, exports decreased by 7.99 percent. Oil exports declined by 8.82 percent and sales of non-oil and gas products fell by 7.83 percent. By products, sales declined for mineral fuels (-9.83 percent to USD 1.37 billion); fat and animal/natural oils (-6.54 percent to USD 1.44 billion); machine/ electrical equipments (-5.89 percent to USD 675.4 million); pearls/gems (-29.94 percent to USD 538.4 million) and footwear (-16.19 percent to USD 331.2 million). In contrast, exports increased for: vehicles and parts (+7.05 percent to USD 468.7 million), iron and steel (+56.13 percent to USD 116.1 million), nickel (+17.87 percent to USD 83.4 million), optical equipments (+15 percent to USD 57.2 million) and ships (+88.42 percent to USD 15.8 million).
Outbound shipments to the country's major trading partners were down except those to the EU countries, India and Australia. Sales to the ASEAN countries decreased the most by 13.79 percent to USD 2.05 billion, followed by the US (-5.73 percent to USD 1.18 billion), Japan (-1.82 percent to USD 1.13 billion), China (-13.15 percent to USD 942 million), South Korea (-1.68 percent to USD 447.1 million) and Taiwan (-37.01 percent to USD 275.9 million). Meanwhile, exports rose to: the EU countries (+4.65 percent to USD 1.23 billion), India (+6.25 percent to USD957.4 million) and Australia (+7.25 percent to USD197.8 million).
Compared to the previous month, imports decreased 8.42 percent. Purchases of oil and gas in fell by 18.70 percent while those of non-oil and gas fell by 6.34 percent. Imports declined for: capital goods (-11.1 percent to USD 1.96 billion) and raw materials (-8.86 percent to USD 8.76 billion). In contrast, inbound shipments for consumption goods rose by 4.60 percent to USD 822.5 million.
In January 2015, the country posted a revised USD 744 million trade surplus.