Argentina's trade contracted 14% in June compared to the same month in 2019, total of 8.088 million dollars, as a result of the restrictions caused by the new coronavirus pandemic, the National Institute of Statistics and Census (Indec) reported on Tuesday (28.07.2020/XNUMX/XNUMX).
"Trade exchange (exports plus imports) decreased by 14% compared to the same period last year and reached a value of 8.088 billion dollars," said Indec.
exports In June, they reached 4.786 billion dollars, 8,6% less in interannual terms (453 million dollars), after prices and quantities were reduced by 6,7 and 2,1% respectively.
Foreign sales that The largest decline was in industrial manufactures, which fell by 45,9%. year-on-year, followed by fuel and energy sales (27%) and agricultural manufactures (8,2%).
On the other hand, exports of primary products increased by 46,3%., the report states.
imports, which amounted to 3.302 billion dollars, contracted 20,8% year-on-year (equivalent to 869 million dollars), with quantities and prices decreasing 14,6 and 7,2% respectively.
The most popular purchases abroad Those that contracted were passenger motor vehicles (53,8%), fuels and lubricants (50,6%), those of parts and accessories for capital goods (37,7%) and those of capital goods (26,8%).
Argentina ends the first five months of the year with exports of 27.388 billion dollars, 11% less than in the same period of 2019.
Imports during this period, at $19.291 billion, fell 23,3% year-on-year.
In this way, the trade surplus reached 8.097 billion dollars.
Destinations
Argentina's main trading partners were China, Brazil and the United States.
A China Goods worth 666 million dollars were exported in June (51,7% more year-on-year) and imports were worth 692 million dollars (10,8% less), which resulted in a $26 million deficit.
With sales to Brazil for 462 million dollars (48,9% less) and purchases for 583 million (30,3% less), the deficit with this country was 121 million dollars.
Exports to United States They also presented a deficit of 31 million dollars, with exports of 338 million (40,2% more) and imports of 370 million (28% less).
Trade exchange with the Mercosur, made up of Argentina, Brazil, Paraguay and Uruguay, also had a deficit of 208 million dollars.
Exports to this bloc fell 41,9% year-on-year to $623 million ($449 million less than in June 2019), while imports fell 20,6% year-on-year to $830 million ($215 million less).
The following countries also stood out for exports: Vietnam (334 million dollars),Egypt (269 million dollars), India (203 million dollars), Chile ($177 million), Malaysia
(125 million dollars).
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.
