El cBilateral trade between Argentina and Brazil was $2145 million in the ninth month of the year, a 19,5% lower to the value obtained in the same period of 2022, when it had been USD 2665 million.
Likewise, the exchange fell by 16,6% compared to last August, due to a drop in imports of 19% and exports of 13,6%.
The Argentine sales to Brazil fell by 2023% in September 18,5 compared to September 2022 (sixth consecutive month of decline) totaling USD 984 million, while the imports from that destination were USD 1160 million and showed a year-on-year decrease of 20,3%. Thus, with its renewed presence, the trade balance for Argentina it yielded a USD 176 million deficit (ninth consecutive month).
La year-on-year decline in Argentina's exports to Brazil recorded in September (18,5%) corresponded mainly to the reduction of motor vehicles for the transport of merchandise, unmilled wheat and rye and preparations and cereals, flour or starch from fruits or vegetables, while the year-on-year drop in Argentine imports (20,3%) It was mainly explained by the decline in passenger motor vehicles, electric power and piston engines.
Trade between the two countries accumulates in the First nine months of the year a negative balance for Argentina of USD 4650 billionIt is worth noting that exports decreased by 6,7% between January and September 2023 compared to the nine months of 2022, while imports from Brazil increased by 15,4% in the same period.
What place does Argentina occupy for Brazil?
Argentina positioned itself in fifth place Argentina ranked third among Brazil's largest suppliers, behind China, Hong Kong and Macao (USD 4826 million) and the United States (USD 2696 million), Russia (USD 1023 million) and Germany (USD 1017 million). Among Brazil's largest buyers, Argentina ranked third, behind China, Hong Kong and Macao (USD 9273 million) and the United States (USD 3006 million).
The Brazil's exports to the world fell by 0,5% In September 2023, the Brazilian economy fell from USD 2022 billion to USD 28.587 billion in 28.431. Total imports fell by 21,6% compared to those recorded a year ago (USD 24.893 billion in 2022 vs. USD 19.527 billion this year). Thus, the Brazilian trade result was in surplus - for the twentieth consecutive month - at USD 8904 billion, a situation similar to that observed in September 2022: in that month the balance had been positive at USD 3695 billion.
The market expectations that were revealed in September by the Central Bank of Brazil showed an increase compared to the previous month in terms of estimated growth for 2023 (2,92% versus 2,56%). The expectation for annual price increases decreased slightly, going from 4,86% in the previous month to 4,92%. Likewise, the Selic interest rate level is expected to be 11,75%, lower than the current value of 12,75%.
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