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Imports fell 22.7% in April and trade surplus was US$1,820 million

Imports fell 22.7% in April and trade surplus was US$1,820 million

In April, the trade balance remained positive, reaching US$1.82 billion. This fourth month of the year continues the trend that was observed since last December.

Photo: Argentine News

The trade exchange marked a surplus of US$1.82 billion in April, although much lower than the US$2,059 million it had obtained in March), as reported this Tuesday by the National Institute of Statistics and Censuses (INDEC). This positive balance is explained by the imports plummeted by 22.7% year-on-year and exports increased by 10.7%.

The positive balance of April is explained by a 53% increase in exports of primary products and fuels and energies with 44.4%; and on the other hand for the collapse of imports by 22.7% year-on-year, evidencing the strong economic recession and the exchange rate. Among them, those that fell the most were: fuels and lubricants (-58.9%), intermediate goods (-22.4%), and parts and accessories for capital goods (-17.6%).

Trade balance: how exports fared in April

In April, exports increased 10.7% compared to the same month of the previous year. Besides, The seasonality term and the trend-cycle increased 1.0% and 1.9%, respectively, compared to March. During the month, there was a 21.6% increase in exported quantities, although prices experienced a 9.0% decrease.

Trade balance: how imports fared in April

In April, imports experienced a decrease of 22.7% compared to the same month of the previous year. Besides, In seasonally adjusted terms, a reduction of 0.4% was observed, while the trend-cycle decreased by 2.8% in relation to March. Both prices and quantities registered decreases of 7.7% and 16.4%, respectively.

Trade balance: what was the balance in April

In April, the trade balance remained positive, reaching $1.82 billion. This fourth month of the year continues the trend that has been observed since last December, thus accumulating a surplus of 6,157 million dollars in the quarter.

Source: Ambito

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