The surplus was a consequence of the slowdown evidenced in the growth of importswhich rose 13.9% year-on-year to reach US$1,193 million.
The exports Argentines, for their part, were for a total amount of US$1,249 million, a figure that meant a 7.8% drop compared to the same month of 2021.
A) Yes, the accumulated bilateral trade deficit between January and November amounted to u$s2,238 millionsignificantly higher than the red of US$26 million registered in a similar period of 2021.
The aforementioned annual balance is the product of imports that grew 33.7% so far in 2022, while exports to Brazil they did so at 13.1% year-on-year.
In this way, this year is on track to close with a Bilateral trade deficit of around US$2.4 billion for Argentina.
Import and export performance
In November, the performance of the Argentine imports it reflected that among the products with the greatest participation in the total, were “Parts and accessories for motor vehicles”, which grew 23.2% yoy (vs. +44.4% accumulated in 2022); “Passenger vehicles”, whose imports fell 7.0% in November, but grew 23.7% so far this year.
Also noteworthy are the “Iron ore and concentrates” item, which accelerated its fall (it contracted 22.1% yoy in November vs. -17.8% accumulated) and the import of “Piston engines and their parts” which grew 58.6% yoy, in line with the year.
Regarding shipments from Argentina to Brazil, the export of “Liquefied propane and butane” was the fastest growing in November, followed by “Fruit or vegetable preparations and cereals, flour or starch”.
Then, they were followed by exports of “Motor vehicles for the transport of merchandise and special uses” and “Passenger vehicles”, which grew 23.2% yoy and 18.8% yoy, respectively.
Lastly, the only one of the products with the greatest participation in the total that fell in year-on-year terms was “Wheat and rye, unground”, whose exports contracted a significant 30.6% yoy. Said fall can be explained by the lower national production as consequence of the droughts and frosts that threaten agriculture in Argentina during the last weeks.
Source: Ambito
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