NewsWhore
10-10-2008, 04:00 PM
During the first six months of this year the current account deficit of the balance of payments increased 534% when compared to the same period in 2007, as reported in El Caribe. The current account deficit went from US$496 million from January to June 2007 to US$2.65 billion during the same period in 2008. Rising imports tipped the trade balance further. The trade deficit increased from US$2.80 billion to US$5.08 billion, for a difference of US$2.82 billion, or a 81% increase.
Imports were up 35%, or US$2.20 billion, going from US$6.37 billion in Jan-June 2007 to US$8.57 billion in the same period this year. Imports went from US$5.12 billion to US$7.33 billion, for US$2.1 billion increase, or 43%.
Meanwhile, exports were down US$7.1 million or 2.2%, dropping from US$3.57 billion to US$3.49 billion in the same period. Exports outside duty free manufacturing zones were down from US$1.41 billion to US$1.34 billion, while tax free zone exports also dropped from U$2.16 billion to US$2.15 billion. Free zone exports dropped from US$1.254.6 billion to US$1.248.2 billion, for a decline of US$6.4 million, or 0.5%.
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Imports were up 35%, or US$2.20 billion, going from US$6.37 billion in Jan-June 2007 to US$8.57 billion in the same period this year. Imports went from US$5.12 billion to US$7.33 billion, for US$2.1 billion increase, or 43%.
Meanwhile, exports were down US$7.1 million or 2.2%, dropping from US$3.57 billion to US$3.49 billion in the same period. Exports outside duty free manufacturing zones were down from US$1.41 billion to US$1.34 billion, while tax free zone exports also dropped from U$2.16 billion to US$2.15 billion. Free zone exports dropped from US$1.254.6 billion to US$1.248.2 billion, for a decline of US$6.4 million, or 0.5%.
More... (http://www.dr1.com/index.html#3)