Argentine trade reached a positive balance of 1.744 billion dollars in September, registering thirteen consecutive months of surplus, according to the National Institute of Statistics and Census (INDEC).
With the September result, Argentina's trade balance has accumulated thirteen consecutive months of surplus.
During the ninth month of the year, according to data reported by INDEC, Exports totaled $5.746 billion, 14,1% more than the same month of the previous year, while imports reached $4.002 billion, a 14,9% year-on-year drop.
The trade surplus was mainly explained by an increase in sales of oilseeds and fruits; cereals; meat and edible offal; and various products from the chemical industries; and a fall in imports, mainly of mineral fuels, mineral oils and their distillation products; nuclear reactors, boilers, machines, mechanical devices and appliances and their parts; land vehicles, their parts and accessories; and oilseeds and fruits, among others.
Destinations
In September, the main trading partners (taking into account the sum of exports and imports) were China, Brazil and the United States, in that order.
Exports to China reached 897 million dollars and imports, 794 million dollars. The trade balance was a surplus of 103 million dollars.
Exports to Brazil amounted to $823 million and imports to $810 million. The trade surplus in this case was $13 million.
Exports to the United States amounted to $342 million and imports reached $536 million. The deficit with the United States in September was $193 million.
These three countries together absorbed 35,9% of Argentina's exports and supplied 53,5% of its imports.
The following countries also stood out for exports: Vietnam (265 million dollars), Netherlands –including the port of Rotterdam, transit to other countries– ($237 million), Chile ($227 million), Switzerland (183 million dollars), Indonesia (182 million dollars), Peru ($180 million), India ($138 million) and Italy (130 million dollars). For imports, the following were distinguished: Germany (246 million dollars), Bolivia (123 million dollars), Thailand y Mexico ($99 million in both cases), and Vietnam and Italy ($84 million in both cases), among others.
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