Exports fell 6.4 percent from a year earlier to USD 16.29 billion. Sales went down for semimanufactured products (-12.5 percent), namely soy oil, cast iron and leathers; and manufactured (-24.8 percent), namely platforms for oil extraction, cargo vehicles and autos. In contrast, sales rose for basic products (22.4 percent), namely soybeans, cotton, corn, iron ore and coffee. Shipments slumped 37.6 percent to the EU, but increased 30.1 percent to China and 16.4 percent to the US.
Imports declined 12.4 percent to USD 12.62 billion, mainly due to purchases of consumption goods (-1.5 percent), capital goods (-57.7 percent) and fuels and lubricants (-27 percent). In contrast, sales of intermediate goods rose 7.8 percent. Imports fell from the US (-2.7 percent) and the EU (-6.2 percent) but rose from China (6.4 percent).