Imports totaled US$4.269 billion, 2.1% higher than the previous year, mainly due to higher purchases of oil and industrial inputs.
The trade balance accumulated a surplus of US$17.567 billion in the last 12 months to May of this year, exceeding by more than US$4.730 billion what was achieved in the same month of 2023.
In monthly terms, the trade balance registered a surplus of US$1.694 billion in May, US$771 million higher than the same month last year.
Exports totaled US$5.963 billion in the fifth month of the year, 16.8% higher than the same month in 2023, due to higher average export prices that grew by 14.1%, as well as a 2.4% increase in shipped volumes.
Imports totaled US$4.269 billion, 2.1% higher than the previous year, mainly due to higher purchases of oil and industrial inputs.
“This was partially offset by lower imports of consumer goods, especially durable goods,” the central bank said.
Source: Larepublica
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