Although trade between Argentina and Brazil improved by 15,2% year-on-year in May and totaled US$ 3.092 million, the bilateral trade balance ended with a deficit de U.S. $ 763 millones for the country, according to a report prepared by the Argentine Chamber of Commerce and Services (CAC).
Specialists explain that the improvement compared to April was 21,1% with an increase in exports of 31% and imports by 15,8%, although the interannual measurement shows a fall in Argentine exports to Brazil by 4,8% (second consecutive month of decline), totaling US$ 1.164 million, while the imports from that destination amounted to US$ 1.927 million, with a year-on-year increase of 32%.
Trade between the two countries accumulated in the first five months of the year a balance negative for Argentina of US$ 2.538 million. Exports so far this year have grown 4% compared to the first five months of 2022, while imports from Brazil have increased 27,7% in the same period.
The year-on-year decline in exports was mainly due to Solutions such as unmilled wheat and rye, cereal preparations and flours, and ethylene polymers in primary forms. Meanwhile, the rise in imports was mainly due to soybeans, passenger vehicles, parts and accessories for motor vehicles, iron ore and its concentrates, and piston engines and their parts.
It is important to highlight that Argentina positioned itself in fourth place Among Brazil's largest suppliers, behind China and Hong Kong and Macao and the United States and Germany. In turn, among Brazil's main buyers, Argentina was placed third.
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