Argentine sales to Brazil they increased 4.4% in March 2022, compared to March 2021, adding US$973 million, resuming the positive trend lost last month.
Meanwhile, imports from that destination were US$1,196 million and showed an increase of 9.6% -the lowest increase in the last thirteen months- compared to March 2021.
In this way, bilateral trade accumulates in the first three months of the year a negative trade balance for Argentina for US$622 million, due to the fact that exports decreased 2.5% in 2022 compared to the first three months of 2021, while imports from Brazil increased 22% in the same period.
All in all, bilateral trade between Argentina and Brazil was US$2,169 million in the third month of the year, 7.2% higher than the value obtained in the same period of 2021, when it had been US$2,023 million. , and 18.1% compared to February due to the 14.6% increase in imports and 22.8% in exports.
The year-on-year increase in exports from Argentina to Brazil registered in March (4.4%) corresponded mainly to the increase in passenger vehicles, unground wheat and rye, liquefied propane and butane, and piston engines and their parts (exports of motor vehicles for the transport of merchandise and special uses decreased).
While, The year-on-year increase in Argentine imports (9.6%) was explained mainly by Parts and Accessories for motor vehicles and Paper and cardboard, while imports of Iron ore and its concentrates decreased.
Argentina was positioned in third place among the largest suppliers of Brazil, behind China and Hong Kong and Macau ($5,045 million) and the United States ($3,812 million).
At the same time, Among the main buyers of Brazil, Argentina also ranked third, behind China, Hong Kong and Macao (US$9,188 million) and the United States (US$2,904 million).
Brazil’s exports to the world increased 19.6% in March 2022 with respect to March 2021, going from US$24,325 million to US$29,095 million.
For its part, total imports grew 21.5% compared to those registered a year ago ($17,864 million in 2021 vs. $21,711 million this year).
In this way, the Brazilian trade result was a surplus of US$7,384 million, a situation similar to that observed in March 2021, although with a higher nominal value -in 2021 the positive balance had been US$6,461 million-.
The market expectations revealed by the Central Bank of Brazil improved slightly in terms of expected growth for 2022 (0.5%, compared to 0.3% in the previous measurement).
However, the expectation of price increases increased to 6.86% annually, against 5.6% the previous month. Likewise, they expect the interest rate, Selic, to reach 13% (it currently stands at 11.75%) to offset the advance of inflation.
Source: Ambito
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