Year-on-year, exports fell by 2.7 percent to USD45.3 billion, following a 6.0 percent drop in May while market estimated a 8.3 percent decrease. It was the 18th straight month of decline and the smallest drop since June 2015.
Imports dropped by 8.0 percent to USD33.70 billion, compared to a 9.0 percent fall in the preceding month while market expected a 9.5 percent decline. It was the 21st straight month of drop.
In May 2016, trade surplus stood at a marginally revised USD7.0 billion.
The trade balance has been in consistent surpluses since February 2012.