Commercial deficit increases by 17% in Panama
The deficit in the balance of payments (exports and imports) during the first trimester rose by 17% to $769.5 million.
Tuesday, August 12, 2008
From January to March, the balance of services grew 12.2% and had a positive balance of $768.1 million, "this compensates the deficit in goods by 99.8," the Comptroller General of the Republic pointed out.
Costa Rica has been paying more for its imports in recent years while the prices of its exports have failed to keep pace.
Costa Rica's trade deficit in May was a record $601 million. Exports were US$889 million against imports of US$1.5 billion.
Reflecting the greater decline of imports compared to exports, the trade deficit of Costa Rica showed an annual contraction of 53% in January.
Up to the month of October the trade deficit was $3.958,2 million, $728,8 million more than in the same period in 2010.
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