For its part, “exports had a heterogeneous performance, and were affected by the drop in exports from the automotive sector,” he added.
The significant difference between the estimates of the surveyed analysts ranged between a minimum surplus of US$60 million and a maximum of US$2.38 billion for the ICA in the last month of 2021. For Milagros Suardi, EcoGo economist, the country would close 2021 “with a trade surplus close to US$14.3 billion.” Argentina is one of the countries with the best economic performance in the recovery, at the regional level.
According to the Center for Production Studies (CEPXXI) of the Ministry of Productive Development in international comparison, the recovery of Argentine GDP is from the middle of the table up. Of a total of 31 countries with information so far, Argentina ranks 13th in economic performance when comparing between the fourth quarter of 2019 and the third quarter of 2021. The relative improvement of Argentina compared to other countries is explained by the growth of sales of primary products above 14% compared to 2019, of agricultural manufactures (+13%) and industrial manufactures (+18%).
However, imports are beginning to be watched carefully: pending official data, economists already estimate that there would be a sharp jump in December as a result of the exchange rate delay and the lack of reserves that feeds rumors of new restrictions.
The National Institute of Statistics and Censuses (INDEC), according to its publication calendar, will release the official trade balance data for the last month of 2021 on Thursday afternoon.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
