Another positive fact was that between January and November, manufactures of industrial origin accumulated foreign sales for USD 21,389 million, with an increase of 18.7% year-on-yearand their exported quantities reached higher volumes since 2014 for said period.
in relation to trade (exports plus imports) in the first 11 months of the year it produced a a surplus of US$5.8 billion, just over a third of the US$14.379 million reached between January-November 2021.
November
Regarding the last month of November, the balance was positive in US$1,399 million, according to him National Institute of Statistics and Censuses (Indec)because exports totaled 7,089 million dollars, with an interannual increase of 14.5%, Y imports totaled 5.750 million dollars, which represented a slight drop of 0.3%.
Thus, the commercial exchange of last month (exports plus imports) registered an increase of 7.4% in relation to the same period of 2021.
Compared to the same November 2021, the main exported items showed significant sales increases: manufacturing of agricultural origin rose 18.9%, to US$2.9 billion; primary products increased 14.8%, up to US$1,513 million; and Manufactures of industrial origin grew 11.8%, up to US$ 2,097 million.
On the other hand, the behavior of imports was mixed, with increases in imports of Capital goods (+12.0%), Parts and accessories for capital goods (+17.1%) and Passenger motor vehicles (+20.0%); and decreases in Intermediate goods (-11.4%), Fuels and lubricants (-9.2%) and Consumer goods (-1.2%).
Thus, the balance of the trade balance was 1,339 million dollars, U$S915 million higher than the balance of the same month of the previous year, period in which a surplus of 424 million dollars had been registered.
“Imports decreased 0.3% compared to November 2021 (-US$17 million), due to a 1.1% decrease in prices as quantities increased 0.8%. Since October 2020 there has not been a year-on-year drop in imports,” INDEC detailed in its latest report from the Argentine Trade Exchange.
During November, the exchange with Mercosur recorded a positive balance of US$135 million.
Exports reached 1,402 million dollars; they were 5.5% lower than those of the same month of the previous year (-81 million dollars), mainly due to a decrease in C&E and PP sales. 81.6% of the total was destined for Brazil; 10.8% to Uruguay; 6.4% to Paraguay; and 1.2% to Venezuela, reported INDEC.
Trade with Mercosur represented 19.8% of exports and 22.0% of total imports.
Source: Ambito
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