Indec released trade figures for the month of December.
Here are some thoughts:
- Argentina has a surplus in December for the fourth consecutive month, closing 2018 with
an increase of 5,1% over the previous year. - All items increased their export volume, except fuel, Which
December fell 13,5% year-on-year. - The main exported products were soybeans excluded for planting;
motor vehicles, tractors, bicycles and other land vehicles; wheat and
meslin; barley, including malting barley; flour and pellets from the extraction of soya oil;
meat and edible meat offal; aluminium and its articles; milk and dairy products;
fish and crustaceans, mollusks and other aquatic invertebrates - Major trading partners of the country that identified the December report were
Brazil, China and the United States. However, of these three, only the trade balance with
Brazil, for the second consecutive month, left a surplus, while with the other two, yes
Although they increased exports, they were in deficit. - In 2018, the data to highlight are MOI exports grew by 9,3%; and those of
fuels and energy rose 69,2%.
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