Monday , June 27 2022

Trade balance showed plus again


According to the National Institute of Statistics and Population Census (INDEC), Argentina imports decreased 18.2% to $ 5,777 million, while exports increased by 1.4% to US $ 5,354 billion. . In this way, Argentina reported a positive trade balance of US $ 277 million in the first 10 months of the year.

. The correction of external accounts, as historically occurred during the devaluatorios divisions of Argentina, depends on the decline in imports, at least in the short term, as a result of small economic activities that provoke it,. He said. The acceleration of inflation and exports due to different reasons is slow to react to the new exchange rate. "

The most important plus in October was US $ 221 million, corresponding to trade with Chile; Vietnam is USD 177 million, Algeria is USD 92 million, Bangladesh is USD 87 million, Peru is USD 86 million and Indonesia is USD 84 million.

In October, the most important deficits were China, US $ 321 million, US, US $ 321 million; and $ 110 million in Brazil, according to Indec.

In this month, primary product exports amounted to $ 1.8 million, down 3.8 percent year on year, down by 2.8 percent. This figure was offset by an increase of 2.8% with an increase of 2.8%. prices.

On the other hand, agricultural production (MOA) sales increased by 4.4% year-on-year to 2.027 million dollars, an increase of 3.5% in quantities and 0.9% compared to October of the year. The past.

Industrial Origin Manufacturing (MOI) fell by 6.9% to US $ 1.824 million, down 3.4% from the same month, despite a 3.6% rise.

On the other hand, Fuels and Energy were sold at a price of $ 389 million, an increase of 25.8% in prices and an increase of 4% in quantities.

On the other hand, in the middle of the slowdown in the industrial sector and the increase in the dollar in September, imports decreased in the quantity of all goods. 12.9% in Capital Goods, 38% in Parts and Accessories, 46.9% in Vehicles, 12.8% in Consumer Goods.

"This is a sign that investment is part of the total demand, which in the long term is a greater decline, which is compromising the growth capacity of the economy," Radar said.

In addition, he said, tır as a result of the economic recession the economy has undergone as a result of an external recovery and a decline in imports urg. The year was about to close an estimated 4,000 million dollars. The surplus may exceed US $ 3,000 million, due to the continuing decline in imports and a strong increase in agricultural exports, as compared to the drought year. "

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