October 23, 2014
February trade surplus falls 92% as energy imports continue to rise
The reduction is explained by a lower level of exports, especially in the grains sector, while a strong demand for fuel has continued in order to supply the energy sector and the local market as well.
In the second month of 2014, exports hit 5.3 billion dollars, six percent less than 2013, while imports grew to 5.3, or a two percent rise.
The primary sector was among the hardest hit, seeing exports drop by 29 percent and a price reduction of 7 percent, meaning that revenues fell by 34 percent overall in February.
Cereal exports sales, mainly wheat and corn, were down 50 percent.
Automobiles sales registered a drop of 25 percent to 372 million dollars, while consumption goods dropped five percent to 1.1 billion dollars.