Industrial exports led the decline, with shipments of cars and car parts dropping by 24.4 per cent and machine exports falling by 18.7 per cent during the period.

Textiles constituted about 12% of industrial exports, becoming the second-largest export branch after polished diamonds.

Agricultural exports rose through the years but have not grown as fast as industrial exports.

Its main sources of income are oil, industrial exports, manufactured goods, electronics, heavy industry, automobiles, construction, food, banking and financial services.

Chemicals, steel, aluminum, machinery, and plastics account for most of the remaining industrial exports.