Trade deficit widens to four-month high of $10.4 bn in March

Imports surged 45.25% on year to $39.67 bn

Trade deficit widened to a four-month high of $10.44 billion in March following a surge in merchandise imports, government data showed on Thursday.

Merchandise exports last month grew 28% to $29.23 billion, the Ministry of Commerce and Industry said in a statement.

Imports, however, surged 45.25% on year to $39.67 billion in March.