Trade balance has deficit of $1.3 billion in November

The trade balance registered a deficit of US$ 1.307 billion in November this year, which means that imports surpassed exports. According to the Ministry of Economy, exports totaled US$ 20.296 billion, while imports totaled US$ 21.603 billion in the month. The result represents the first negative balance of the year.

From January to November 2021 , compared to the same period last year, exports grew 34.9% and totaled US$ 256.10 billion. Imports, on the other hand, grew 39.7% and totaled US$ 198.91 billion. In the year, the balance had a surplus of US$ 57.19 billion, with growth of 20.5%.

Exports

In November, agriculture grew by 16.5% and totaled US$ 3.01 billion; the extractive industry increased by 14.8% and reached US$ 4.81 billion; and the manufacturing industry grew by 28.3% and reached US$ 12.34 billion.

In the accumulated result for the year, in comparison with the previous year, the sectors that presented the greatest growth in exports were agriculture (20.7%), mining and quarrying (67.6%) and manufacturing (26.5%).

Imports

In November imports, the growth was 61.8% in agriculture, which added up to US$ 0.53 billion; 248.3% in the extractive industry, which registered US$ 1.74 billion; and 43.5% in the manufacturing industry, which reached US$ 18.81 billion.

In the year, agriculture grew by 32.2% and totaled US$ 4.89 billion; the extractive industry expanded by 91.1% and reached US$ 11.40 billion; and the manufacturing industry grew by 37% and reached US$ 179.44 billion.

Text translated using artificial intelligence.