From April to May, merchandise imports dropped 3.2 percent, while exports fell 1.6 percent. The trade gap, subsequently, dropped, falling from $951 million to $303 million, the data agency said.
Imports fell to $39.6 billion after rising for four consecutive months. Leading the decline was a drop in energy products, as well as metal ores and non-metallic minerals.
Exports fell to $39.3 billion, pushed by a 1 percent price decline and a 0.7 percent decline in volume of exports.
Exports of metal and non-metal mineral products, as well as motor vehicles and automobile parts all declined.