In March, the trade balance recorded a deficit of USD 1.059 million, the lowest value since August 2018. In March 2022, a surplus of USD 271 million was recorded, INDEC reported today (20.04.2023/XNUMX/XNUMX).
According to the report, the exports March reached USD 5.723 million, which is a drop of 22,2% compared to the same month in 2022 due to a drop of 17,1% in quantities and 6,5% in prices. All items decreased: primary products, 33,5%; agricultural manufactures, 29,4%; fuels and energy, 6,6%; and industrial manufactures, 5,3%.
Meanwhile, imports They had a total of USD 6.782 million, this implies a decrease of 4,2% year-on-year compared to March 2022, due to a 6,5% drop in quantities, as prices increased by 2,3%. At the level of economic use, fuel and lubricant purchases fell by 45%; other items by 28,6%, mainly due to lower purchases of goods shipped by postal services (couriers); capital goods by 16,6%; and consumer goods by 11,8%. Meanwhile, purchases of intermediate goods and parts and accessories for capital goods grew by 10,6% in both cases, and passenger motor vehicles increased by 1,2%.
Chile, the largest destination
In terms of destinations, INDEC noted that Chile leads with a surplus of USD 354 million, followed by Peru with USD 284 million and India with USD 92 million.
Meanwhile, trade was in deficit with Mercosur (-USD 1.055 million), China (-USD 685 million), the European Union (-USD 435 million) and the UMSCA (-USD 367 million), in that order.Argentine trade. Estimated figures for March 2023).
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