Exports shrank 9.0 percent year-on-year to $29,770 million, as oil sales dropped 22.3 percent while non-oil decreased at a slower 8.1 percent. Within non-oil exports, those to the US decreased 8.9 percent while those to the rest of the world went down 4.1 percent. Exports of manufacturing products declined by 9.0 percent, as automotive sales decreased 10.5 percent and non-automotive by 8.3 percent. By contrast, exports of agricultural goods and mining rose 6.6 percent and 60.1 percent, respectively.
Imports contracted 9.9 percent to $31597.4 million, as purchases of oil products declined 6.4 percent and non-oil imports fell 10.3 percent. When considering imports by type of goods, imports of intermediate goods dropped 10.1 percent and purchases of consumer and capital goods decreased 9.2 percent and 9.5 percent, respectively.
On a seasonally adjusted monthly basis, exports grew 0.47 percent and imports increased 0.81 percent.