The Central Bank announced this morning that, by a recovery in the oil sector, Ecuador’s trade balance recorded a surplus of $ 82.9 million in the first month of the year.
According to a report published on the website of the central bank, the result in the first month of 2012 reveals a change in the trend of the trade balance.
In January this year the oil balance grew by 55.5% to approximately $ 947.7 million over the same month last year. While in January the non-oil balance accumulated this year a large deficit after going from $620,300,000 to $ 864,700,000.
Exports in January totaled around $ 2.094 million compared to the $ 2,011 million made in imports.