The Argentine trade balance reached in November with a surplus of USD 1.399 billion, which represents a year-on-year jump of 215,8, reported this Monday (19.12.2022/XNUMX/XNUMX) the National Institute of Statistics and Census (Indec).
The surplus almost tripled in November compared to the balance reached in the same month last year, which was USD 424 million.
This improvement in the surplus is explained by a growth in exports coupled with strong restrictions on imports.
According to official data, in November Argentina completed Exports amount to USD 7.089 million, 14,5% more than the same month in 2021.
Meanwhile, Imports totaled USD 5.750 billion, which represented a year-on-year contraction of 0,3%, due to a 1,1% drop in prices, as quantities increased by 0,8%. There had not been a year-on-year drop in imports since October 2020, Indec said.
Compared to November 2021, the main exported items showed significant sales increases: agricultural manufactures rose 18,9%; primary products increased 14,8%, and industrial manufactures grew 11,8%.
Instead, the behavior of the economic uses The performance of imports was mixed, with increases in the import of Capital goods (+12,0%), Parts and accessories for capital goods (+17,1%) and Passenger motor vehicles (+20,0%); and decreases in Intermediate goods (-11,4%), Fuels and lubricants (-9,2%) and Consumer goods (-1,2%).
According to INDEC, the volume of trade (exports plus imports) increased by 7,4% year-on-year in November, to a value of 12.839 billion dollars.
Trade in the eleven months of 2022
In the first eleven months of the year, Argentina accumulated a trade surplus of 5.800 billion dollars, compared to a positive balance of USD 14.379 million in the same period in 2021.
In November of this year, the country exported USD 82.293 million, with a year-on-year increase of 15,3%, and imported USD 76.493 million, with an increase of 34,3% compared to the same period in 2021.
The main destinations of Argentine sales abroad were Brazil, China, United States, Chile, India, the Netherlands, Vietnam, Peru, the Republic of Korea and Indonesia, in that order, and together they accounted for 56,6% of total exports.
The most important surpluses corresponded to trade with Chile (USD 3.867 billion), Netherlands (USD 2.501 billion), India (USD 2.386 billion), Peru (USD 1.964 billion), Vietnam (USD 1.834 billion), Indonesia (USD 1.440 billion), Algeria (USD 1.323 billion), Republic of Korea (USD 1.280 billion), Malaysia (USD 1.042 billion) and Colombia (USD 819 million)
The largest deficits were registered with China (- USD 8.648 billion), United States (-USD 3.571 billion), Brazil (- USD 3.332 million), Germany (- USD 1.724 million), Bolivia (- USD 1.610 million), Thailand (- USD 1.399 million), Paraguay (- USD 654 million dollars), France (- USD 575 million), Mexico (- USD 572 million) and Italy (- USD 544 million).Argentine trade. Estimated figures for November 2022)
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