The war between Israel and Hamasafter the incursion of the extremist group outside the Gaza Stripgenerated a significant impact on Argentine exports to the Jewish-majority country.
The October 7 attack on various Israeli kibbutzim near the border with the Palestinian enclave unleashed a major war conflictwhich deepened instability in the region and also had a deep impact on the humanitarian crisis of the Gazans.
With this new upsurge in violence in the Middle East, the Argentine exports to Israel suffered a significant drop in the year-on-year comparison in October.
In that month of 2022, the commercial exchange with the Jewish nation had been 32.52 million dollars: 16.45 corresponded to imports from the Asian country and 16.07 exports from Argentina.
Last October, when the war started, the commercial link was 24.07 million dollars and the main explanation for the drop is the reduction in assets sent from the South American country: while Israel sold 17.01 million dollars, Argentina only sent products for 7.06 million.
In the previous months of the year, Only in May had there been a negative trade balance: The rest of 2023 had been largely favorable for Argentina.
Until the end of October, latest data available in the INDEC Foreign Trade system, The trade exchange with Israel had reached 451.86 million dollars, with a positive balance for Argentina of 137.52 million.
Foreign trade: what is exported to Israel
The main product purchased by Israelis is boneless beef, whether fresh or frozen: the sum of both products accumulates a total of 204.58 million dollars during the year. Corn grain and prepared or preserved peanuts are other primary products that stand out in exports to Israel.
Meanwhile, herbicides are sent from the Asian nation; polyethylene; switching devices, disconnectors and switches; plastic pipe fittings; and blood fractions prepared as medicines.
Source: Ambito
