Exports exceed $4.2 billion up to August

Total exports from January to August 2020b reached $4.21 billion, $1.68 billion less than the same period in 2019, indicating a decrease of 28%. Imports from January to August reached $4.24 billion, 35% less than the same period in 2019. In the first eight months of 2020, the trade balance registered a deficit of $30 million. The structural problem with the trade deficit is that the country has few value-added products to export and increasingly needs to import a variety of inputs, machinery, and fuels.

Source: El Deber