Exports increased 9.2 percent year-on-year to USD 34.26 billion. Oil sales fell 7.1 percent while non-oil exports grew 11.6 percent, mainly driven by a 11.2 percent rise in sales of manufactured products. Shipments to the United States rose 14.4 percent and those to the rest of the world increased 0.4 percent
Imports advanced by an annual 9.6 percent to USD 33.66 billion in August. Purchases of capital goods rose the most on the year (11 percent), followed by intermediate goods (10.3 percent) and consumption goods (5.4 percent).
Considering the first nine months of 2014, exports increased 4.6 percent over a year earlier and imports grew 4.1 percent. The country’s trade gap narrowed to USD 1.76 billion.