Exports fell 11 percent year-on-year to 4.83 billion USD, from 5.43 billion USD a year earlier. Shipments of oil and mining shrank 10.6 percent, while sales of gold fell 60 percent. Exports of agricultural products declined 4.5 percent on the year, mainly due to lower sales of sugar (-48.8 percent) and bananas (-21.6 percent). In contrast, shipments of manufactured products rose 1.7 percent yoy, boosted by higher sales of chemical products (67.4 percent yoy) and pharmaceuticals (28.4 percent yoy). Crude oil sales went increased 1 percent.
While exports to Panama, Hong Kong, Netherlands and the US decreased, shipments to Brazil and India rose.
Imports expanded 2.1 percent in October to 5.34 billion USD, mainly due to higher purchases of oil and mining products (16.7 percent) and manufacturing (0.9 percent).