Overview
- Official data show August goods trade rose 23.1% year over year, with exports up 16.4% to $7.865 billion and imports up 32.4% to $6.463 billion.
- The cumulative surplus through August stood at $5.071 billion, down from $14.075 billion at the same point in 2024.
- August delivered the largest monthly surplus of 2025 and extended the positive balance streak to 21 consecutive months.
- Export mix shifted toward primary products (+35.7%) and fuels and energy (+40.6%) as industrial manufactures fell 7%, with some flows brought forward after lower export duties, according to private analysts.
- Import growth was led by capital goods (+75.8%), with intermediate goods up 16.2%, parts and accessories up 13.2%, and consumer goods up 65.5% to 15.3% of total purchases.