Likewise, INDEC reported that in the analyzed quarter, the current account showed a deficit of US$3,031 millionwhich are explained by the deficits observed both in primary income, of US$2,752 millionas in the registered in the balance of goods and services, of US$773 millionpartially offset by the surplus recorded in secondary income for US$493 million.
In this sense, the financial account showed a net capital inflow of US$3,251 millionalthough due to the effect of balance of payments transactions, international reserves were reduced by US$3,525 million.
Goods and services
Specifically in relation to goods, they had a surplus that decreased by u$s5,515 million in relation to the same period of the previous yearboth due to a decrease in the amount of u$s4.425 million as in the price of u$s1,091 million. The variation in the quantity of exports was negative in u$s1,466 million and that of prices positive in US$1.410 million. Imports had an increase of US$2,959 million due to the quantities and US$2.500 million due to price effects.
The balance of services for the third quarter of 2022 resulted in a deficit of US$1,918 millionwhich implied an increase in the net expenditure of u$s954 million compared to the same period of 2021. This deterioration was mainly explained by the increase in the deficit registered in transportation ($789 million) and travel ($262 million).
The commercial exchange of services (exports plus imports) reached a total of US$9,448 million, which involved a 64.3% increase compared to the same period of the previous year.
Source: Ambito
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