Bilateral trade between Argentina and Brazil fell 9.5% year-on-year in April, when registering US$2,315 million, compared to US$2,557 million a year ago, according to data from the Argentine Chamber of Commerce and Services (CAC),
Likewise, the exchange remained quite similar compared to last March (-0.4%)due to the slight decrease in exports by 0.2% and imports by 0.6%.
Argentine sales to Brazil they grew in April 2024 a 36.7% compared to the same month of 2023 (the variation was again positive as in March, after 11 consecutive months of decline), adding US$1,215 million, while the imports from that destination were from US$1,099 million and showed a year-on-year decrease of 34.1%. Thus, the trade balance for Argentina showed a surplus of US$116 million.
He trade between both countries accumulates in the first four months of the year a positive balance for Argentina of US$35 million. It is worth noting that the Exports increased 2.8% in the first four months of 2024 with respect to four months of 2023, while Imports from Brazil decreased by 29.8% in the same period.
The interannual increase in Argentine exports to Brazil registered in April (36.7%) corresponded mainly to the increase in passenger motor vehicles, unground barley, fresh non-refrigerated horticultural products and unground wheat and rye, while the interannual decrease in Argentine imports (34.1%) It was mainly explained by the decrease in passenger motor vehicles, parts and accessories of motor vehicles, piston engines and their parts and iron ore.
Argentina was positioned in third place among the largest suppliers to Brazilin back of China and Hong Kong and Macau (US$4,666 million) and the United States (US$3,325 million). In turn, among the main buyers from Brazil, Argentina was ranked sixth, behind China, Hong Kong and Macau (US$9,770 million), the United States (US$2,957 million), Spain (US$1,152 million), the Netherlands (US$1,108 million) and Singapore ( US$1,101 million).
The Brazil’s exports to the world grew 14.2% in April 2024 compared to the same month in 2023, going from US$27,086 million to US$30,920 million. For their part, total imports increased by 14.3% compared to those registered a year ago (US$19,146 million in 2023 vs. US$21,879 million this year).
In this way, the Brazilian trade result was in surplus—for the twenty-seventh consecutive month—at US$9,041 million, a situation similar to that observed in April 2023: in that month the balance had been positive at US$7,940 million.
The market expectations revealed in April by Central Bank of Brazil showed higher numbers compared to the previous month in growth matter estimated for 2024(2.05% versus 1.9%). The expectation for the annual price increase fell slightly to 3.72% (the previous month it had been 3.75%). Likewise, the Selic interest rate level is expected to rise to 9.63% (1.12 percentage points less than the current value).
Source: Ambito
