The National Institute of Statistics and Census of the Argentine Republic (INDEC) released today the results of trade exchange for December and the twelve months of 2021.
According to the technical report, Argentina accumulated a trade surplus of USD 14.750 billion, which represented an increase of 17,73% compared to the positive balance achieved in 2020This trade surplus was USD 2.222 billion higher than in 2020, due to an increase in exports supported by the rise in raw material prices and the recovery of global activity after 2020.
According to INDEC, the volume of trade (exports plus imports) increased by 45,1% compared to 2020 and reached the highest level since 2013, to a value of USD 141.118 million.
Likewise, official data indicate that, in 2021, Argentina completed exports for USD 77.934 million, 42% more than in 2020.
Meanwhile, imports In 2021, exports totaled USD 63.184 million, representing a year-on-year increase of 49,2%, due to the fact that quantities rose 30,1% year-on-year and prices rose 14,7%.
In the twelve months of 2021, the Main destination countries Of the exports were: Brazil (15%), China (8%) and the United States (6,4%). Also noteworthy was the performance of India in fourth place, followed by Chile. As for imports, China provided 21,4% of the goods brought into the country, Brazil 19,7%, and the United States 9,4%.
Specifically, in December, the last month closed with a surplus of USD 371 million. This figure is due to the fact that both exports, with an increase of 85,9% year-on-year, and imports, with an increase of 59,1%, registered the highest values for December in the last decade, according to INDEC. (INDEC technical report on Argentine trade. Estimated figures for December 2021)
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