TRADE DEFICIT UP 6 TO 2.241BN

Thu, Jul 28th 2011, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

THE BAHAMAS' merchandise trade deficit increased year-over-year by 6.02 per cent to $2.241 billion in 2010, data published by the Department of Statistics has revealed, despite exports growing at a slightly higher rate than imports.

The merchandise trade deficit, which measures the difference between the Bahamas' total exports of physical goods and imports, rose in dollar terms by $127.3 million in 2010, growing from $2.114 billion to $2.241 billion.

While the Bahamas' total exports rose by $36.5 million or 6.24 per cent, from $584.9 million to $621.4 million, total imports grew by 6.07 per cent - growing from $2.699 billion in 2009 to $ ...

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