Bilateral trade between Argentina and Brazil reached a total of USD 2.420 billion in December 2024, which represents a growth of 40,7% compared to the same month in 2023, according to the latest report released this Thursday (09.01.2025/2024/2) by the Argentine Chamber of Commerce and Services (CAC). Compared to November 17,2, the exchange showed a slight drop of XNUMX%, marking a significant slowdown compared to the XNUMX% decline recorded between November and October of the same year.
In December, Argentine exports to Brazil grew by 39,7% year-on-year, totaling USD 1.238 million, while imports from the neighboring country reached USD 1.182 million, with an increase of 41,7% year-on-year. This performance allowed Argentina to close the month with a positive trade balance of USD 56 million.
Annual results
On an annual basis, trade between the two countries amounted to Argentina's deficit of USD 206 million, which means a 96 improvement% compared to the deficit balance of USD 4.717 million recorded in 2023. This progress was driven by a 13,2% increase in Argentine exports during 2024 and a 17,6% drop in imports from Brazil in the same period.
The growth of sales Argentine exports in December were mainly due to the increase in the export of motor vehicles for the transport of goods, passenger cars, parts and accessories for motor vehicles, as well as liquefied propane and butane. On the other hand, the rise in exports of imports Argentina was led by passenger vehicles, automotive parts and accessories, industrial products and piston engines and their parts.
Position on bilateral trade
Argentina managed to position itself in the fourth place among the largest suppliers in Brazil in 2024, and ranked as the third largest buyer of Brazilian products.
Brazil's overall performance
At the global level, Brazil's exports to the world experienced a slight drop of 0,8% in 2024, reaching USD 337.036,2 million, while its imports grew by 9%, totaling USD 262.484,1 million. This resulted in a Brazilian trade surplus de $74.552,1 million, concludes the CAC report.
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