REVIEW OF THE ECONOMY 2013
19
SUSTAINING GROWTH, SECURING PROSPERITY
The Balance of Visible Trade contracted by 4.2
percent over the period October 2012 to June
2013, in comparison with the corresponding
period one year earlier, as both imports and
exports declined at the same rate.
A surge in exports of mineral fuels was the
main driver behind the 250.6 percent rise in the
Balance of Trade with CARICOM over the period
October 2012 to June 2013, in comparison with
the corresponding period the year before. This
together with an increase in exports (excluding
mineral fuels) and a reduction in the imports
(excluding mineral fuels), contributed to this
performance.
A total of US$9,200.7 million in Gross Official
Reserves or 10.4 months of import cover is
estimated to have been held by the Central Bank
up to the end of 2012.
SUMMARY OF MACROECONOMIC PERFORMANCE OF T&T
