As of June 2024, the accumulated trade balance for the last twelve months reached a surplus of US$18.737 billion, exceeding the value achieved in the previous month (US$17.809 billion), the
In monthly terms, a trade surplus of US$2.466 billion was recorded in June, a figure US$927 million higher than in the same month of 2023.
Exports
In June 2024, exports of traditional products totaled US$4.846 billion, a year-on-year increase of 11.2% due to higher volumes of fishmeal shipments (last year's fishing season was cancelled), as well as to higher prices for mining and hydrocarbon products.
During the analyzed month, foreign sales of non-traditional products amounted to US$1.468 billion, 15.9% higher than in June 2023, mainly due to improved volumes and prices of agro-export products, as well as to the expansion of iron-steel, textile, and chemical product shipments.
Imports
On the other hand, imports fell by 5.8% year-on-year to US$3.863 billion in June, mainly reflecting lower purchases of consumer goods, inputs, as well as of durables and non-durables.
Terms of Trade
Last June, the terms of trade rose by 14.8% compared to the same month of the previous year due to a 14.4% increase in export prices and a 0.4% drop in import prices.