the home appliance sector consumed more than $5 billion this year

the home appliance sector consumed more than  billion this year

A study of Claves consultancy states that imports of household appliances totaled US$5,056.8 million between January and August, while exports were barely US$103.7 million. Purchases grew 34% indicates the report and exports 4.4%. The main sales destinations in the first 8 months of 2022 were the United States (23%), Chile (10.8%) and Brazil (10.6%).

imports of ehousehold appliances represent 8.8% of the total operations accrued to date. “With this dynamic of exports and imports, it is expected that the trade deficit will continue to increase in 2022,” said the consultant.

Since the Central Bank is going to have to “hold on” until in April of next year they start to earn dollars from the harvest again, it is reasonable to understand that the Minister of Economy, Sergio Massa, seeks to put “containment dams” to the loss of reserves, said Sergio Chouza, from the Sarandí Consulting. The economist considered that it will be like “counting coins”.

In his analysis, the increase in quantities of imports this year would be due to a rise in consumption caused by the need of people to preserve value in the face of increased inflation. In household items houses, sales rose 3.9% in the first semester, in wholesalers they fell 6.3%, in supermarkets they increased 5.2% and in e-commerce channels increased 21%.

To all this, The Ministry of Economy plans to start the new SIRA mechanism on the 17th. The scheme will have an almost absolute traceability of the import process and with this it will be sought to know in real time the quantities imported, the type of goods and the flow of dollars.

In the first eight months of 2022 imports of Consumer Goods, according to the INDEC, grew 28%, which is explained by an increase of just over 8% in quantity and 15% in prices compared to the same period last year. Private analysts consider that this item will suffer the greatest import controls until the end of the year, to avoid loss of net reserves by the Central Bank.

Source: Ambito

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