Exports plunged 16.7 percent from a year earlier to USD 18.23 billion in October, amid lower sales of primary goods (-11.4 percent) such as iron ore (-5.4 percent), soybeans (-14.4 percent) and crude oil (-49.4 percent). Also, shipments of semi-manufactured products tumbled 17.1 percent, on the back of cellulose (-11.7 percent) and iron and steel (-61.2 percent); and those of manufactured products slumped 23.2 percent due to aircraft (-14.7 percent), fuel oils (-15.1 percent), aluminum oxides and hydroxides (-22.9 percent), passenger vehicles (-39.3 percent), and engines for vehicles and parts (-14.2 percent).
Among major trading partners, exports went down to China (-6.3 percent), the US (-22.2 percent), Argentina (-32.2 percent), and the EU (-32.3 percent).
Imports rose 5.7 percent to USD 17.03 billion, boosted by purchases of capital (12.3 percent) and intermediate goods (14.3 percent). On the other hand, imports dropped for consumption goods (-4.8 percent); and fuels & lubricants (-25.9 percent).
Among major trading partners, imports advanced from China (11.3 percent), ASEAN (10.8 percent), the US (11 percent), and Argentina (3.7 percent), but fell from Mexico (-18.7 percent) and the EU (-0.2 percent).
Considering January to October, the country's trade surplus shrank 26.7 percent to USD 34.82 billion.