Argentina's foreign trade continues to struggle, registering a deficit of USD 2023 million in July 649, according to a report by the National Institute of Statistics and Census (INDEC) on Tuesday (22.08.2023/XNUMX/XNUMX).
According to the published report, the exports amounted to USD 6.060 billion, 22,4% less; while the imports amounted to USD 6.709 million, with a year-on-year decline of 19,1%.
Within exports, all items decreased except for fuel and energy, which increased by 17,6%. Primary products fell by 41,3%; agricultural manufactures by 26,1% and industrial manufactures by 3,3%.
Among imports, at the level of economic use Imports of passenger motor vehicles fell by 78,5%; fuels and lubricants by 60,7%; consumer goods by 5,0%; and intermediate goods by 2,1%. However, there were increases in parts and accessories for capital goods, a category that grew by 7,1%, and capital goods, with an increase of 1,9%.
According to INDEC, quantities and prices were negative in July 2023, however the quantity effect predominated over the price effect, based on the trend observed in the period December 2022 – June 2023. This is the 11th month in which the amounts have been falling.
Accumulated for the seven months of 2023. According to the issuing institute, in the seven months of 2023, Argentina's trade balance showed a negative balance of USD 5.142 million. Exports totaled USD 39.534 million (-24,2%) and imports totaled USD 44.676 million (-10,1%).
The main export markets were: Brazil (17,1%), China (8,0%), the United States (8,0%), Chile (7,2%) and India (4,5%). The European Union was the destination of 10,2% of exports in the period January-July 2023. (Argentine trade exchange
Estimated figures for July 2023)
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