Bilateral trade between Argentina and Brazil during Last January was $1564 million, an 15,6% lower to the value obtained in the same period in 2023 (USD 1852 million), according to figures released this Thursday (08.02.2024/XNUMX/XNUMX) in a report by the Argentine Chamber of Commerce (CAC).
Last December, the exchange rate fell by 9,1%, due to a drop in imports of 8% and exports of 10,2%.
By adding USD 796 million, the Argentine sales to Brazil fell by 2024% in January 3,2 compared to January 2023 (second consecutive month of decline).
Meanwhile, imports from that destination showed a year-on-year drop of 25,4% (USD 768 million)
Thus, the trade balance for Argentina it yielded a USD 29 million surplus, positive result for the second consecutive month
According to the CAC, the year-on-year drop in Argentina's exports to Brazil was recorded in January responded mainly to the low ethylene polymers, piston engines and their parts, liquefied propane and butane and unmilled barley.
While the year-on-year drop in Argentine imports (25,3%) was mainly explained by the drop of passenger motor vehicles, motor vehicle parts and accessories, paper and cardboard, tubes and hollow profiles and accessories for iron tubes, petroleum fuels and bituminous minerals, among others.
The CAC report also highlighted that Argentina positioned itself in fourth placer among the elders Suppliers from Brazil, behind China and Hong Kong and Macao (USD 5062 million), the United States (USD 3187 million) and Germany (USD 1093 million).
In turn, among the main Buyers of Brazil, Argentina was located fifth behind China, Hong Kong and Macao (US$ 7769 million), the United States (US$ 3431 million), Singapore (US$ 1213 million) and the Netherlands (US$ 869 million).
Brazil's trade with the world
Regarding theBrazil's exports to the world increased by 18,5% in January 2024 compared to the same month in 2023, going from USD 22.769 million to USD 27.016 million.
Total imports, meanwhile, fell 0,1% compared to those recorded a year ago (USD 20.51 million in 2023 vs. USD 20.490 billion this year).
Thus, the Brazilian trade result was in surplus - for the twenty-fourth consecutive month - at USD 6527 million, a situation similar to that observed in January 2023: in that month the balance had been positive at USD 2285 million.
The market expectations that the Central Bank of Brazil surveyed in January showed similar numbers compared to the previous month in growth matter estimated for 2024 (1,6% versus 1,59%). The expectation for annual price increases decreased slightly, going from 3,81% in the previous month to 3,9%. The Selic interest rate is also expected to drop to 9,0% (2,25 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.
