Figures put out by GFMS also reveal that while imports have been high in November, the demand began to decline towards the end of the month and has dipped drastically in December.
In fact, trade data reveals that imports during November stood at US$ 4.36 billion which was almost 24% higher than the corresponding figure of US$ 3.54 billion imported a year earlier. It was the second consecutive month in which imports had registered a rise, after eight consecutive months of decline beginning February 2016.