In September, a trade deficit of USD 793 million dollarsThe country exported USD 5.751 billion, with a drop of 23,5% year-on-year, while imports totaled USD 6.544 billion, which represented a contraction of 8,3%.
According to the National Institute of Statistics and Census (INDEC) on Friday (20.10.2023), such results led to theThe volume of trade exchange (exports plus imports) fell by 16,1% year-on-year in September, to USD 12.295 billion.
Official data say that the fall in exports In September, this was due to a 12,8% drop in sales. quantities and 12,5% in prices, and sales decreased in all areas: fuels and energy (33,8%), primary products (31%), agricultural manufactures (28,7%) and industrial manufactures (5,3%).
Meanwhile, imports fell due to an 11% drop in prices, as quantities rose by 2,7%. economic use, imports of fuels and lubricants (-42,6%), intermediate goods (-12,4%), consumer goods (-8,4%), capital goods (-2,5%) decreased, while purchases of passenger motor vehicles (95,3%) and parts and accessories for capital goods (3%) increased.
Accumulated for the nine months of 2023
In this way in the first nine months of the year, Argentina accumulated a trade deficit of USD 6.960 billion, compared to a positive balance of USD 2.579 million in the same period of 2022, with exports between January and September 2023 amounting to USD 51.196 million (-23,9% year-on-year) and imports amounting to USD 58.156 million (-10,1% year-on-year).
These results clearly show a cooling of trade with different countries in the nine months. Exports decreased with China (USD 4.036 dollars), United States (USD 4.037 million), Brazil (USD 8.920 billion) and India (USD 2.018 billion), in that order.
Regarding imports, although purchases of products from China and the United States decreased, in the accumulated total of the first nine months of the year there was an increase in payments to Brazil (USD 4.165 million), Paraguay (USD 3.110 million) and Germany, (USD 2.144 billion).
This table warns of the challenges that foreign trade faces, especially considering the slowdown in economic activity in Argentina, as well as the fall in international prices of raw materials. Added to this are the climatic conditions that affect the country's agricultural production.Argentine trade exchange
Estimated figures for September 2023)
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