He trade balance with Brazil threw for Argentina a surplus of US$ 111 million, after exports to that country grew by 2.8% in March compared to the same month last year, indicated a report carried out by the Argentine Chamber of Commerce (CAC).
US$1,217 million were sold, breaking a negative trend of 11 consecutive months, while imports from that destination were US$1,106 million with a year-on-year decrease of 27.9%.
Trade between both countries accumulated a negative balance for Argentina in the first quarter of the year for US$81 million.
In that period, exports decreased 7.4%, while imports from Brazil decreased by 28% in the same period.
Exports in March increased due to higher sales of motor vehicles for transportation of merchandise and special uses, fresh and refrigerated horticultural products and unground barley, the report indicates.
On the other hand, the drop in imports is mainly explained by the decline of passenger motor vehicles, motor vehicle parts and accessories, soybeans and iron ore.
With these numbers, Argentina positioned itself in third place among Brazil’s largest suppliers, behind China (US$4,583 million) and the United States (US$3,000 million).
In turn, among Brazil’s main buyers, Argentina is also ranked third, behind the same countries: China (US$8,376 million) and the United States (US$3,764 million).
Brazil’s exports to the world decreased by 14.8% in March, going from US$32,823 million to US$27,980 million. For their part, total imports fell 7.1% compared to those registered a year ago (US$22,072 million in 2023 vs. US$20,498 million this year).
Source: Ambito
