In June, exports totaled US$5.450 million while imports amounted to US$7.177 million.
He commercial exchange hill June with a deficit of US$1,727 millioncompared to a negative result of US$231 million recorded in the same month last year, according to the report published this Wednesday by the National Institute of Statistics and Censuses (Indec).
In this way, during the first semester the balance marked a negative result of US$4,387 millionfundamentally impacted by the droughtwhich compares with a surplus of US$2,977 million of the same period of 2022.
In it sixth month of the year the exports totaled US$5.450 millionwith a drop of 35.4% year-on-year, while imports increased to u$s7,177 millionwith a retracement of 17.2%.
If the prices of the same June 2022 had prevailedthe trade balance would have produced a deficit of US$1,682 millionbecause the Export Price Index down 14%while that of the imports fell 10.5% so the country registered a loss in the terms of trade of US$248 million.
Which sectors experienced the greatest declines in exports in June?
In June, the billing by exports decreased 35.4% compared to the same month of the previous year. In the case of Fuels and Energy (CyE) the decline reached 37.7%some US$296 million; followed by Primary products (PP) with a setback of 36.7%equivalent to US$747 million.
also fell the billing of the Manufactures of Agricultural Origin (MOA), 36.1%some US$1,246 millionwhile those of Industrial Origin (MOI) fell 32.1% or the equivalent of US$694 million.
Source: Ambito
