Exports fell 23.5% and imports 8.3% year-on-year in September, which gave a negative balance of US$793 million in the ninth month of the year, according to the National Institute of Statistics and Censuses (INDEC) this Friday.
In September, Exports reached US$5,751 million and imports, US$6,544 million. Trade exchange (exports plus imports) decreased 16.1% compared to the same month of the previous year, and reached an amount of US$12,295 million.
The trade balance showed a deficit of US$793 million, was the eighth negative record of the year. Exports fell 23.5% compared to September 2022 (US$1,767 million), due to a 12.8% drop in quantities and a 12.5% drop in prices.
The seasonally adjusted and the trend-cycle decreased 1.2% and 0.3% compared to August 2023. All items decreased: fuel and energy (C&E), 33.8%; primary products (PP), 31.0%; manufactures of agricultural origin (MOA), 28.7%; and manufactures of industrial origin (MOI), 5.3%.
Imports decreased 8.3% compared to September 2022 (US$593 million)due to an 11.0% drop in prices, since quantities increased 2.7%.
In seasonally adjusted terms, Purchases abroad increased 0.9% and the trend-cycle, 0.3%, in relation to August of this year.
At the level of economic use, imports of fuels and lubricants (CyL) were reduced by 42.6%; rest, 21.1%, mainly due to the lower purchase of goods shipped through postal services (courier); intermediate goods (BI), 12.4%; consumer goods (BC), 8.4%; and capital goods (BK), 2.5%. Passenger motor vehicles (VA), grew 95.3%; and parts and accessories for capital goods (PyA), 3%.
Source: Ambito
