Wednesday , October 20 2021

The trade balance again & # 39; showed a surplus



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Argentina imports decreased 18.2% to reach USD 5.077 million in & # 39 October, according to the National Institute & # 39; Statistics and the Census (INDECS) while exports increased by & # 39; 1.4% USD 5354 billion. B & # 39; this way, Argentina reported a positive trade balance & # 39; U $ S 277 million in the tenth month of the year.

From Radar consultancy, stated that "as historically occurs during devalutorji episodes in Argentina, the external accounts adjustment is related, at least in the short term, to reduce imports as a result of the acceleration inflation, exports, for different reasons, are slow to respond to the new exchange rate. "

Most important surpluses in & # 39; October corresponded trade with Chile, which was & # 39; USD 221 million; Vietnam US $ 177 million, US $ 92 million Algeria, Bangladesh US $ 87 million, Peru US $ 86 million, and Indonesia US $ 84 million, among others.

The most important imbalances & # 39; October were recorded with China, US $ 321 million, the United States, US $ 321 million; Brazil and US $ 110 million, said the INDECS.

That month, exports & # 39; commodities accounted for U.S. $ 1,114 million, a decrease of & # 39; 3.2% due to a reduction of & # 39; 5.8% in quantities sold, which could not be compensated by & # 39; & # 39 increase; 2.8%. price.

Meanwhile, sales & # 39; & # 39 manufacturers; agricultural origin (MOA) increased by & # 39; 4.4% year on year, to $ 2,027 million b & # 39; increase & # 39; 3.5% in quantities, and prices 0.9% higher than in & # 39; October of the past year

Manufacturers & # 39; Industrial Origin (MOI) totaled US $ 1,824 million, 3.4% less than the same month of 2017, with prices 6.9% lower despite the fact that the quantities increased by 3.6%.

Meanwhile, Fuels and Energy sold $ 389 million, b & # 39; & # 39 increase, 25.8% in prices and an increase & # 39; 4% of the amounts.

Meanwhile, in & # 39; half of the increase of the dollar and the decline in the industrial sector during September, imports showed a decrease in all items amounts, by 12.9% in & # 39; capital requirements, 38% f & # 39; Party Capital goods and Accessories, 46.9% in & # 39; vehicles, 12.8% in & # 39; Consumer goods.

"This is a sign that the investment is the component of aggregate demand to record biggest decline, jeopardizing the long-term economics' growth capacity, highlighted by Radar.

In addition, they indicated that the view "is an improvement in the external result as a result of the economic recession taking place in the economy and the consequent reduction in imports." The year will close with a deficit of & # 39; almost $ 4,000 million. the surplus can & # 39; exceeding US $ 3,000 million, as a consequence of the persistence of the fall in imports and a sharp increase in agricultural exports, as will be compared to the year of drought. "

Topics in & # 39; this note:


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