The National Institute of Statistics (INE) reported that, excluding transactions related to processing under contract (TTE), exports decreased by 1.7%, while imports saw an increase of 1.9%.
“This estimate suggests that goods exports have declined for the first time since the second quarter of 2024, with the first quarter of 2025 experiencing a +7.7% increase (+0.9% without TTE),” stated the INE.
Meanwhile, goods imports rose for the fifth consecutive quarter, albeit with a “slight slowdown” compared to the previous quarter, which recorded a year-on-year variation of +7.0% (+5.8% when TTE are excluded).
