Reporte de Comercio Exterior : marzo 2015

Abstract

Total exports as of March 2015 stood at USD 3.3 billion, 4.8% lower than the value observed in March 2014. A breakdown of these figures shows that recorded exports reached USD 2.465 billion, 3.3% lower than the same period last year, while re-exports decreased by 10.8%. The decrease in total export value is primarily explained by the fall in the international prices of our main commodities. The deterioration of economic conditions in Brazil impacted the reduction in re-exports. External sales of electricity were also negatively affected by the reduction in available water. Other export goods, such as meat, flour, and soybean oil, among others, registered positive growth rates. Although re-exports show a significant reduction rate, their impact on the current account deficit is not significant because imports of these goods also decrease to the same extent.