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Exports sank almost 30% in April and there was a trade deficit for the second consecutive month

Exports sank almost 30% in April and there was a trade deficit for the second consecutive month

Exports sank 29.3% compared to April 2022, which implies some US$2,446 million. As for imports, these fell 12.6% compared to April 2022, some US$866 million, as explained by INDEC.

sales of corn some fell in grain US$536 million; wheat and meslinexcluding durum and sowing wheat lost US$534 million; meal and pellets from soybean oil extraction descended US$430 million; oil raw soybeaneven degummed went down US$366 million; barley grainexcluding brewery fell $99 million; biodiesel and its blends $90 millionamong other casualties.

On the other hand, foreign sales of motor vehicles for the transport of goods and motor vehicles for the transport of people of displacement increased.

Regarding imported products, in this period there were some notable falls in diesel (gasoil), for about US$260 million; urea with nitrogen content ($75 million); natural gas in a gaseous state (US$67 million); phosphate monoammonium, whether or not mixed with diammonium phosphate (US$63 million); hydrogen orthophosphate of diamonium ($53 million); and vaccines for human medicine put up for retail saleUS$49 million).

They registered go up in purchases of soybeans, whether or not broken, except for planting ($442 million); and welded tubesused in oil or gas pipelines (USD 51 million).

In April, the net exports (exports minus imports) of the main products and by-products derived from soybean cultivation (soybeans, excluded for sowing; crude soybean oil; meal and pellets from soybean oil extraction; and biodiesel and its mixtures, among others) registered a surplus of US$732 million, US$1,311 million lower than the same period of the previous year. Exports decreased by US$875 million, while imports increased by US$436 million.

The net exports of the automotive complex (vehicles for transporting people; vehicles for transporting merchandise; and chassis, parts and tires) had a negative balance of US$124 million. In April 2022 they had registered a deficit of US$240 million. Foreign sales increased US$140 million and purchases US$24 million, both compared to the same month of the previous year.

Source: Ambito

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