Compared to the previous month, exports were down by 3.07 percent. Oil exports fell 28.4 percent and sales of non-oil and gas products declined slightly by 0.1 percent. By categories, sales declined for: mineral fuels (-10.59 percent); pearls, precious and semi-precious stones (-18.05 percent), machine/electrical equipment (-4.77 percent); ores, crust, metal ash (-36.64 percent) and ships (-48.01 percent). In contrast, outbound shipments rose for: animal/vegetable fats and oils (+12.75 percent), vehicles and parts (+12.17 percent), machine/mechanical equipments (+18.44 percent), footwear (+18.26 percent) and tins (+201.37 percent).
Outbound shipments dropped to the ASEAN countries (-2.03 percent to USD2.31 billion), followed by Japan (-10.66 percent to USD952.4 million), Australia (-17.27 percent to USD172.9 million), South Korea (-1.58 percent to USD420.8 million) and Taiwan (-9.10 percent to USD217.5 million). In contrast, sales were up to the US (+7.28 percent to USD1.34 billion), the EU countries (+2.72 percent to USD1.18 billion), China (+3.76 percent to USD1.04 billion and India (+1.14 percent to USD799.4 million).
Compared to a month earlier, imports fell by 4.62 percent. Purchases of oil and gas decreased by 12.32 percent and those of non-oil and gas was down 3.39 7.88 percent. Imports declined for consumption goods(-12.38 percent to USD864.6 million) and raw materials (-5.35 percent to USD8.15 billion). In contrast, purchases rose by 3.61 percent to USD1.76 billion for capital goods.
In March 2016, trade surplus was recorded at an upwardly revised USD510 million.