IT exports surge 34% to $286m in July

MG News | August 19, 2024 at 03:49 PM GMT+05:00

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August 19, 2024 (MLN): Telecommunications, Computer, and Information Services made the largest contribution to the export of services with an amount of $286 million in July, witnessing an increase of 33.64% YoY compared to exports worth $214m in July 2023.

A sequential comparison reveals that the country's IT imports decreased by 4.03%, falling from $298m in the previous month.

However, IT imports have risen significantly compared to the same period last year.

In July, IT imports stood at $34m, up by 41.67% compared to $24m in July 2023.

Meanwhile, compared to the previous month, IT imports experienced a similar trend to exports, declining by 19.08%.

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