Last February, Argentina recorded a trade surplus of 809 million, official sources reported this Wednesday (23.03.2022/XNUMX/XNUMX).
According to the National Institute of Statistics and Census (Indec), the volume of trade (exports plus imports) increased by 42,3% year-on-year in February, to a value of USD 12.077 million.
According to official data, in February the country completed exports for USD 6.443 million, a 34,9% more that in the same month of 2021, marked by the rise in prices (20,4%) and of the quantities (12,0%).
All sectors recorded growth: fuels and energy (CyE), 116,4%; primary products (PP), 72,0%; manufactures of industrial origin (MOI), 35,0%; and manufactures of agricultural origin (MOA), 4,1%.
Meanwhile, the imports totaled USD 5.634 million, which represented a year-on-year increase of 51,7%.
All import uses grew, except for passenger vehicles, which fell 23,7% year-on-year. The increase in purchases abroad was driven by fuels and lubricants (420,8% year-on-year), intermediate goods (38,8%) and parts and accessories (40,3% year-on-year).
In February, the main destinations of Argentine exports were: Brazil, United States, Netherlands, China, Chile, India, Indonesia, United Arab Emirates, Peru and Vietnam, in that order, which together accounted for 57,1% of total foreign sales.
The Main countries of origin of the imports were: China, Brazil, United Statess, Germany, the United Arab Emirates, India, Saudi Arabia, Mexico, Thailand and Paraguay, which accounted for 68,3% of total foreign purchases. (Argentine Trade Report, February 2022)
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
