According to data from Argentine Trade Exchange (ICA), published this Thursday (23.01.2020/2019/15.990) by Indec, the trade balance registered a surplus of US$ XNUMX billion in XNUMX.
As the study describes, the exports increased by 5,4% (US$ 3.333 million) in the twelve months of 2019, compared to the same period in 2018. The rise was mainly due to the increase in quantities (12,2%), as prices fell by 6%.
At the level of large sectors, primary products, MOA and fuels and energy were up 25,1%, 4,5% and 4,1%, respectively, while MOI decreased (6,8%).
As for imports, they decreased by 25% in the twelve months of last year compared to 2018 (US$ 16.358 million). Prices fell by 5,4% and quantities shrank by 20,7%.
imports Capital goods sales fell by 30,7%; intermediate goods sales fell by 16,2%; fuels and lubricants sales fell by 32,2%; parts and accessories for capital goods fell by 16,8%; consumer goods sales fell by 25,6%; and passenger motor vehicles sales fell by 55,2%.
According to Indec, the trade surplus recorded in the twelve months of 2019 “was mainly due to a drop in imports, mainly land vehicles, their parts and accessories; mineral fuels, mineral oils and their distillation products; nuclear reactors, boilers, machines, mechanical devices and appliances and their parts; electrical machines, devices and material and their parts; and oil seeds and fruits, among others.”
At the same time, INDEC highlighted a Increased exports of meat and edible offal; fats and oils; various chemical products; and mineral fuels, mineral oils and their distillation products. an increase in exports of oilseeds and fruits (US$ 2.896 million); along with cereals; meat and edible offal; and fats and oils.
Destinations
The main partners trade during the past year were Brazil, China and the United States, in that order.
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Exports to Brazil reached US$ 10.386 million and imports, US$ 10.159 million. The trade balance was therefore US$ 226 million in surplus.
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Exports to China totaled US$ 7.058 billion and imports, US$ 9.267 billion. The trade deficit in this case was US$ 2.209 billion.
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Exports to United States totaled US$ 4.104 billion and imports reached US$ 6.274 billion. The deficit with the United States in December was US$ 2.170 billion.
As for regional economic blocsThe largest surplus was obtained with ASEAN (Association of Southeast Asian Nations) with 3.673 billion dollars, followed by Maghreb and Egypt (2.903 billion), the Middle East (2.770 billion) and Mercosur (448 million).
However, the largest deficits were seen in foreign trade with NAFTA (2.310 billion) and with the European Union (136 million).
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