Foreign obligations reported by the private sector as of September 30, 2013
totaled US$ 71,123 million2
. Of this total, US$ 67,779 million corresponded to external debts
of the non-financial private sector (NFPS) and US$ 3,344 million to commitments of the private financial sector3
(SPF).
The external liabilities of the non-financial private sector experienced a negative
variation compared to the end of the previous quarter of about US$ 700 million, basically due to a
decrease in commercial debts.
The fall in liabilities for export advances and pre-financing was around US$ 900
million in the quarter and was mainly explained by the drop in the debt of the oilseed and cereal export
sector by US$ 755 million, accumulating a year-on-year fall of around US$
2,000 million. This situation occurred with a simultaneous greater use of financing in local currency
.
External obligations for imports of goods fell by about US$ 500
million in the third quarter of
2013, totaling US$ 26,151 million as of September 30, 2013, with a year-on-year increase of 2%. During the third quarter of 2013, there was a
fall in the flows of imports financed by non-residents despite the quarterly
increase of around 4% in imports in the period. Thus, the ratio of financed
imports to FOB imports fell by 11 percentage points compared to the previous quarter.
Foreign obligations for services increased by about US$ 800
million in the quarter, totaling US$ 8,685 million at the end of September 2013. This level implied a
year-on-year increase of about US$ 2,000 million.
NFPS financial liabilities decreased by around US$ 100 million compared
to the end of the second quarter of 2013.
For its part, the financial sector registered an increase of about US$ 540 million, explained by the
greater use of trade financing of energy imports.
The average life of private external debt as of 30.09.13 stood at 1.5 years, with an average life
for NFPS external debt of 1.4 years and 3.1 years for financial sector
debt.
