Argentina recorded a trade surplus of USD 2024 billion in May 2.656, a new monthly record, INDEC reported on Wednesday (19.06.2024/XNUMX/XNUMX).
This positive figure, which contrasts with the same month in 2023, when there was a trade deficit of USD 1.124 million, arises from an income of USD 7.622 million from exports and an outflow of USD 4.966 million from imports.
According to the data released, exports in May increased by 30,6% in terms of quantities, although prices fell by 6,8%. Meanwhile, imports, both in terms of prices and quantities, registered decreases of 4,5% and 29,6%, respectively.
By category, the exports of primary products are noteworthy (52%), Fuels and energy(51,1%), Manufactures of industrial origin (9,4%), Manufactures of agricultural origin (7,4%), in contrast to the rest (-46,8%).
imports, the largest drop corresponded to fuels and lubricants, with a decrease of 61,5%Capital goods fell by 33,2% and parts and auto parts fell by 28,1%. Consumer goods fell by 27,5%. Intermediate goods fell by 26,4%.
First five months
Thus, the evolution of foreign trade in the first five months of 2024 was positive. Exports totaled US$ 31.556 million, which implies an increase of 12,5% compared to the same period last year. Imports accounted for US$ 22.744 million, 26% below the same period in 2023. With this, in the year Argentina accumulated a surplus of US$8.812 billion.
The three main partners, Brazil, China and the United States together absorbed 32,1 of the exports and supplied 51% of imports in the first five months of the year.
The surpluses The highest trade volumes correspond to trade with Chile (USD 2.118 million), Vietnam (USD 1.126 million), Peru (USD 989 million) and India (USD 763 million).
Meanwhile, deficits The highest were recorded with China (USD 1.415 million), Paraguay (USD 1.014 million) and Germany (USD 736 million. («Argentine trade. Estimated figures for May 2024")
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