While exports had their largest increase since 2022, imports interrupted their path of improvement.
The country accumulated a year with a positive balance in its trade balance.
He trade surplus recorded its first improvement in three months during November 2024. In this way, the country accumulated a year with a positive balance on its balance.
According to data published by INDEC this Wednesday, The result reached US$1,234 million in the 11th month of the year. It happened since exports totaled US$6,479 million (+31.6% year-on-year) and exceeded imports, which represented US$5,245 million (-4.3%).
In the case of exports, it was the highest annual increase since April 2022. The groups that promoted the jump were fundamentally those of primary products and manufactures of agricultural origin. Between them they explained almost 60% of the total and contributed US$1,364 million more compared to a year ago.
At the product level, it was soybean and corn derivatives that contributed the most dollars compared to 2023.
On the import side, he highlighted the fact that they could not sustain the annual improvement that they had thrown in October. When looking at the breakdown by economic use, there were decreases in fuels and lubricants, intermediate goods, and parts and accessories of capital goods.
As for products, the most notable drops were soybeans, LNG, diesel, gasoline and electronics.
Source: Ambito
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