This is the first increase in sales abroad since November 2022. At the same time, imports fell sharply.
The Exports recorded their first year-on-year increase in 13 months in January, and the trade exchange left a surplus of US$797 million, which reversed the deficit of US$443 from the same month last year. It was due to the recovery of sales abroad, and a sharp drop in imports, the Institute of Statistics and Censuses (INDEC) reported this Tuesday.
The Foreign sales increased 9.6% in year-on-year terms to add US$5,398 million. In seasonally adjusted terms, an increase of 3.9% was observed, while the trend-cycle experienced an increase of 1.8% compared to December. Prices decreased 9.4% and quantities increased 21.1%.
For their part, the Imports fell 14.3%, totaling US$4,601 million. In seasonally adjusted terms, they registered a decrease of 8.8%, while the trend-cycle decreased 3% compared to December. Prices and quantities decreased by 3.6% and 11.3% respectively.
Product of a strong devaluation that the incoming Government of Javier Milei encouraged, The surplus in December totaled 1,018 million dollars.
The country’s trade exchange showed a significant corrected deficit of 6,925 million dollars in 2023, compared to a surplus of 6,923 million in 2022 and a positive balance of 14,751 million dollars registered in 2021.
Source: Ambito
