Trade exchange during November left a surplus of US $ 2.445 million, more than double the US$ 897 million profit obtained during the same month last year, reported the National Institute of Statistics and Census (Indec) on Monday (23.12.2019).
This result was based on the strong retraction of the imports, that fell 21% year-on-year to US$3.409 billion, against exports that rose 9,4% to reach US$ 5.854 billion.
According to Indec, in November, exports of primary products, manufactures of agricultural origin (MOA) and manufactures of industrial origin (MOI) rose year-on-year by 36,1%, 9,4% and 3,8%, respectively, while those of fuels and energy fell by 30,2%.
The trade surplus was mainly due to a drop in imports, mainly of oilseeds and fruits; land vehicles, their parts and accessories; and fertilizers; among others.
At the same time, there was an increase in exports of cereals, seeds and oilseeds, and meat and edible offal, among others. Exports of art objects and antiques stood out this month.
Destinations
In November, the main trading partners (taking into account the sum of exports and imports) were Brazil, China and the United States, in that order.
Exports to Brazil reached 934 million dollars and imports, 706 million dollars. The trade balance was a surplus of 228 million dollars.
Exports to China amounted to 924 million dollars and imports, 634 million dollars. The trade surplus in this case was 290 million dollars.
Exports to United States totaled 295 million dollars and imports reached 418 million dollars. The deficit with the United States in November was 123 million dollars. These three countries together absorbed 36,8% of Argentina's exports and supplied 51,5% of its imports.
imports.
The following countries also stood out for exports: Luxembourg (361 million dollars), Chile (219 million dollars), India (204 million dollars), Algeria (181 million dollars), Vietnam ($156 million), Netherlands –including the port of Rotterdam, transit to other countries– ($144 million), Spain (135 million dollars), Peru ($129 million), Switzerland ($122 million) and Indonesia ($118 million).
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