A rise of 35% (US$450 million) in Manufactures of Industrial Origin was also highlighted, explained mostly by shipments of Chemical and related products, and a jump of 116.4% in exports of Fuels and energy. , particularly oil.
Manufactures of Agricultural Origin (MOA), which represented the majority of external sales, barely grew 4.1%, due to a rise in prices that offset a drop in quantities.
Parallel, Imports increased by 51.7% (US$1,921) annually to US$5,634 million. The division that most drove this increase was Fuels and lubricants, with a notable increase of 420.8% (US$728 million).
Purchases of Intermediate Goods, which accounted for almost 35% of imports, rose 38.8% (US$547 million), driven by processed industrial supplies. All imported uses grew, except for passenger vehicles.
The main trading partner was once again Brazil, with an exchange of US$1,837 million, which resulted in a deficit for Argentina of US$251 million.
On the export side, in addition to shipments to the neighboring country, shipments to the United States, the Netherlands, China and Chile stood out. With these countries the trade balance was positive, except with the Asian power, which was the main supplier of local imports.
In this way, in the first two months of the year, exports grew 23.8% compared to the same period in 2021 and accumulated a total of US$11,991 million, a historical maximum for this period. For their part, imports rose 44.1% year-on-year, thus accumulating US$10,886 million.
Source: Ambito
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