The annual deficit was derived from a decrease in the surplus of the balance of non-oil products —which went from 13,696 million dollars in 2021 to 8,481 million dollars in 2022— and from a greater deficit in the balance of oil products —which went from 24,635 million dollars in 2021 to 34,902 million dollars in 2022,
In December 2022, a trade surplus of 984 million dollars was registered. The value of merchandise exports reached 49,323 million dollars, a figure made up of 46,479 million dollars of non-oil exports and 2,844 million dollars of oil companies.
With seasonally adjusted figures, total merchandise exports showed a monthly decline of 1.44%reflecting a 2.16% drop in non-oil exports and an 11.31% increase in oil exports.
“The contraction of exports in December was explained entirely by the non-oil component, with a fall of 2.16%, also accumulating three consecutive months of decline, with a quarterly contraction of 2.11%,” Banco Base indicated.
imports
The value of merchandise imports was 48,339 million dollars in December 2022. The amount implied an annual increase of 2.6%, product of the combination of a 3.4% increase in non-oil imports and a 3.8% decrease in imports. oil companies
When considering imports by type of good, annual increases of 2.1% were observed in intermediate use goods and 13.2% in capital goods, as well as a 1% reduction in imports of consumer goods.
With seasonally adjusted series, total imports registered a monthly advance of 2.72%, derived from increases of 1.87% in non-oil imports and 10.60% in oil imports.
By type of good, there were monthly increases of 5.11% in imports of consumer goods, of 2.31% in those of goods for intermediate use and of 3.21% in imports of capital goods.
