According to INDEC, imports registered a decrease of 20.2% year-on-year from January to November. On January 20, the last index for 2024 will be published.
The importsclose the year with a drop close to 20%, although in recent months they showed signs of recovery, especially in sectors oriented to the final consumer.
According to INDEC, Between January and November, imports registered a decrease of 20.2% year-on-year. However, in recent months, The magnitude of the monthly declines moderated, with a year-on-year rebound in October. The fuels and lubricants sector presented the greatest drop, with a collapse of almost 50% year-on-year in the same period, measured in dollars.
Imports: in 2024, they showed a sharp decline
While most sectors experienced a moderation in their declines, fuels and lubricants intensified their decline, and the The rest of the imports maintained their stable trend.
In contrast, two areas stood out for their significant growth: consumer goods and passenger motor vehicles. The latter showed year-on-year increases in almost every month, with peaks greater than 1,000%, accumulating a demand for foreign currency of US$2,000 million and an increase of 43% in the year.
exports-imports-trade-ship.jpg
Depositphotos
The performance of consumer goods is especially notable. Until August, imports of this item recorded double-digit drops, reaching maximums of up to 34%. However, in SeptemberThey reversed the trend with a growth of 15%, maintaining consecutive increases since then. Between January and November, imports of consumer goods accumulated a drop of 10.9%, with a total demand of US$6,623 million. This change occurred after the cut of the 7.5% of the PAIS tax, made official in September as a prelude to its total elimination in December.
Although Indec has not yet published the data for December, which will be available on January 20, private estimates point to an increase in the import of consumer goods during the last month of the year.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
