According to data from the latest bilateral trade report prepared by the Argentine Chamber of Commerce and Services (CAC), Bilateral trade between Argentina and Brazil was USD 3092 million In the fifth month of the year, 15,2% higher than the value obtained in the same period of 2022, when it was USD 2683 million. Likewise, trade increased by 21,1% compared to last April, due to the rise in exports by 31%, and the increase in imports by 15,8%.
According to the CAC survey, the Argentine sales to Brazil fell in May 2023 by 4,8% compared to May 2022 (second consecutive month of decline) by adding USD 1164 billion.
imports from that destination they were de USD 1927 million and showed a year-on-year increase of 32%. Thus, the trade balance for Argentina showed a deficit of USD 763 million.
Trade between the two countries accumulates in the first five months of the year a negative balance for Argentina of US$ 2538 million.
In this period, exports grew 4% between January and May 2023 compared to the five months of 2022, while imports from Brazil increased 27,7% in the same period.
The CAC report states that Brazil is Argentina's main trading partner, a relationship that has historically shown deficit balances due to the fact that imports from that country are usually strategic for our productive fabric.
La year-on-year decline in exports from Argentina to Brazil recorded in May (4,8%) corresponded mainly to the decrease in unmilled wheat and rye, cereal and flour preparations and ethylene polymers in primary forms.
El year-on-year increase in imports Argentine exports (32%) were mainly explained by soybeans, passenger vehicles, motor vehicle parts and accessories, iron ore and its concentrates, and piston engines and their parts.
The CAC report notes that the Argentina ranked third among the largest suppliers to Brazil, behind China, Hong Kong, Macao and the United States.
Among Brazil's top buyers, Argentina also ranked behind China, Hong Kong, Macao and the United States.
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