In February of this year, exports reached a value of 44,934 million dollars, which meant an annual reduction of 2.8%, due to falls of 1.8% in non-oil exports and 19.2% in oil exports.
Within non-oil exports, those directed to the United States grew 2.2% at an annual rate and those channeled to the rest of the world fell 17.8%.
In its monthly comparison, merchandise exports fell 5.84% in Februarya reflection of the falls of 5.42% in non-oil exports and 12.61% in oil exports.
At the same time, the value of merchandise imports was 46,778 million dollars, an annual increase of 4.1%. Non-oil imports grew 4.1% at an annual rate and oil imports did so by 12.9%.
“The trade balance had a deficit of 1,800 million dollars, very far from the surplus of 1,100 million dollars. In the interior, exports collapsed by 5.8% per month and imports fell 0.2%,” said Monex.
Imports of capital goods grew at an annual rate of 28.4%, while those of consumer goods increased 15.8% and those of goods for intermediate use grew 0.1%.
In its monthly comparison, imports fell 0.22% compared to those registered in January. By type of good, there were monthly decreases of 3.40% in imports of consumer goods and 0.35%, in those of goods for intermediate use. Imports of capital goods registered an increase of 6.45%.