The private sector's external debt reached USD101,297 million as of December 31, 2024, showing a quarterly decrease of USD2,245 million. This reduction was attributed to repayments of commercial debt amounting to USD4,163 million, which were partially counterbalanced by an increase of USD1,918 million in financial debt. On a year-over-year basis, the external debt declined by USD3,111 million due primarily to net payments on commercial debt totaling USD5,196 million.
As of December 31, 2024, the private sector's commercial external debt stood at USD59,542 million. The external debt for exports of goods was recorded at USD5,493 million—a decrease of USD265 million compared to September 30, 2024—and down by USD1,566 million year-over-year. The external debt for imports of goods amounted to USD40,249 million as of the same date. This figure included net payments of USD4,101 million for the third consecutive quarter—the lowest quarterly value since the series began. Meanwhile, the external debt for services reached USD13,799 million as of December 31, 2024. This represented an increase of USD203 million from the previous quarter and a rise of USD703 million year-over-year.
The financial private sector's external debt totaled USD41,755 million as of December 31, 2024. It increased by USD1,918 million over the quarter and by USD2,085 million compared to the previous year. The primary factors contributing to this quarterly increase were "Financial Loans" and "Debt Securities," which rose by USD1,546 million and USD467 million respectively. These increases were somewhat offset by a net decrease in "Profits and Dividends" and "Other Financial Debts," which fell by USD55 million and USD40 million respectively.
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