+14.3% over a quarter; +22.5% for goods; -20.5% for services; +37.4% for crude oil; -6.9% year-on-year.
In the third quarter of 2025, foreign trade recorded a clear recovery, driven by goods exports. According to the National Institute of Statistics, overall exports increased by 14.3% compared to the previous quarter, due to a marked rise in goods (+22.5%), which offset the decline in services (-20.5%).
In detail, the dynamic is largely supported by crude oil, which jumped by 37.4%. Export agricultural products (+15.8%) and sawn timber (+9.6%) also contributed to this improvement. In contrast, logs and certain products from agricultural processing showed underperformance, partially slowing the overall momentum.
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Despite this cyclical upturn, the annual trend remains downward. Compared to the third quarter of 2024, goods exports fell by 9.1%, while services increased slightly (+2.4%). In total, goods and services exports contracted by 6.9% year-on-year.
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This contrast between quarterly recovery and annual decline illustrates a still fragile recovery, dependent on raw materials and exposed to international market fluctuations.
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