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 US$ 2315 million andIn the fourth month of the year, 9,5% lower than the value obtained in the same period of 2023, when it had been US$ 2557 million. Likewise, the exchange remained quite similar with respect to last March (-0,4%), due to the slight decrease in exports by 0,2% and imports by 0,6%.
The sales Argentines to Brazil grew by 2024% in April 36,7 compared to April 2023 (The variation was again positive as in March, after 11 consecutive months of decline) totaling US$ 1215 million, while the imports from that destination were US$ 1099 million and showed a year-on-year decrease of 34,1%. Thus, the trade balance for Argentina showed a surplus of US$ 116 million.
positive balance
Trade between the two countries has accumulated a positive balance for Argentina in the first four months of the year. US$ 35 million. It is worth noting that exports increased by 2,8% in the first four months of 2024 compared to four months of 2023, while imports from Brazil decreased by 29,8% in the same period.
The year-on-year increase in Argentine exports to Brazil recorded in April (36,7%) corresponded mainly to the increase in passenger motor vehicles, unmilled barley, non-refrigerated fresh horticultural products and unmilled wheat and rye, while the year-on-year decrease in Argentine imports (34,1%) was mainly explained by the decrease in passenger motor vehicles, motor vehicle parts and accessories, piston engines and their parts and iron ore.
Third place
Argentina ranked third among Brazil's largest suppliers, behind China and Hong Kong and Macao (US$ 4666 million) and the United States (US$ 3325 million).
In turn, among the main buyers of Brazil, Argentina ranked sixth, behind China, Hong Kong and Macao (US$ 9770 million), the United States (US$ 2957 million), Spain (US$ 1152 million), the Netherlands (US$ 1108 million) and Singapore (US$ 1101 million).
Market expectations released by the Central Bank of Brazil in April showed higher figures compared to the previous month in terms of estimated growth for 2024 (2,05% versus 1,9%). The expectation for annual price increases fell slightly to 3,72% (the previous month it had been 3,75%). Likewise, the Selic interest rate level is expected to rise to 9,63% (1,12 percentage points lower than the current value).
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
