Exports hit 44-month high on frontloading activity amid Middle East conflict
Export growth surged to 36.9% in April (Mar: 8.4%), far exceeding expectations (consensus: 9.5%; KIBB: 10.9%)
- MoM (22.8%; Mar: 13.6%): Expanded sharply to a 49-month high against a historical seasonal trend of contraction (-7.3%), pointing to active front-loading and stockpiling amid Middle East supply concerns.
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