In seasonally adjusted terms, exports rose 7%, and the trend-cycle 0.3% compared to September 2022.
All items registered positive variations in October: primary products (PP), 30.4%; fuels and energy (C&E), 21.9%; manufactures of industrial origin (MOI), 16.7%; and manufactures of agricultural origin (MOA), 1.2%.
79.5% of the total sales were destined for Brazil; 12% to Uruguay; 7.7% to Paraguay; and 0.8% to Venezuela, reported INDEC. Trade with Mercosur represented 17.9% of exports and 23.2% of total imports.
scale 2 indec.PNG
Imports increased 15.8% compared to the same month of the previous year (827 million dollars), as a result of a 7% rise in prices and 8.3% in quantities.
In seasonally adjusted terms, imports decreased 8.4% and the trend-cycle, 2.3% in relation to September 2022. All economic uses registered positive variations, except for the rest, which fell 42.1%, mainly due to the lower purchase of goods dispatched through postal services (couriers).
Passenger motor vehicles (VA) grew 94.2%; fuels and lubricants (CyL), 52.9%; parts and accessories for capital goods (PyA), 24.2%; capital goods (BK), 14.6%; consumer goods (BC), 11.6%; and intermediate goods (BI), 4.8%.
The balance of the trade balance was 1,827 million dollars, 212 million dollars higher than the balance of the same month of the previous year, a period in which a surplus of 1,615 million dollars had been registered.
Exports in October 2022, analyzed at the Mercosur Common Nomenclature (NCM) level, showed that the increase of 1,038 million dollars was mainly due higher sales of soybeans, even broken, excluded for planting (1,066 million dollars) and crude oils (195 million dollars); among others.
Regarding imported products, Some increases stood out in this period, such as diesel purchases (80 million dollars); gas turbine parts ($55 million); wind power generator set ($48 million); and motor vehicles mainly for the transport of people, with a capacity <= 6 people (45 million dollars).
Certain falls were registered in products such as vaccines for human medicine packaged for retail sale (-114 million dollars); soybeans, even broken, excluded for planting (-69 million dollars); and units of automatic machines for treatment or processing of data (-42 million dollars).
Source: Ambito
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