Non-oil exports accelerate
In the reference month, the value of merchandise exports reached 52,025 million dollars, a figure made up of 49,643 million non-oil exports and 2,382 million oil exports.
Total exports increased 3.7% at an annual rate, which resulted from a 4.0% increase in non-oil exports and a 2.7% drop in oil exports. Within non-oil exports, those directed to the United States advanced 4.4% at an annual rate and those channeled to the rest of the world, 1.8%.
In November 2024, with seasonally adjusted figures, total merchandise exports reported a monthly reduction of 0.12%. This resulted from a 0.39% drop in non-oil exports and a 5.82% increase in oil exports.
Imports grow 5.1%
Last November, the value of merchandise imports was 52,158 million dollars, an amount that implied an annual growth of 5.1%. This figure was the net result of a 6.7% increase in non-oil imports and a 15.8% drop in oil imports.
When considering imports by type of good, annual increases of 6.5% were observed in imports of intermediate use goods and 3.3% in capital goods. Imports of consumer goods fell 0.2%. In the month in question, with seasonally adjusted data, total imports presented a monthly growth of 1.98%, reflecting advances of 1.92% in non-oil imports and 3.01% in oil imports.
By type of good, increases of 3.35% were observed in imports of consumer goods, 1.48% in intermediate use goods and 3.98% in capital goods.
