Imports in November increased by 20,7% compared to the same month last year, reaching US$ 4.114 billion. However, Trade exchange (exports plus imports) decreased by 8,6%, compared to the same period in 2019 due to the drop in exports, reported the National Institute of Statistics and Census (INDEC).
Import quantities increased by 24,9%, while prices decreased by 3,3%. This trend affected all activities, except fuels and lubricants, which fell by 40,1%. In turn, the most significant were capital goods (31,4%), intermediate goods (31,5%), parts and accessories for capital goods (13,9%), consumer goods (15,1%) and passenger motor vehicles (49,1%).
Meanwhile, Exports decreased 25,6% compared to the same month in 2019, losing US$ 1.508 million. According to the report, the main declines were observed in exports of primary products (51,5%), industrial manufactures (40,6%) and fuels and energy (31,2%). Sales of agricultural manufactures increased by 11,0%. Quantities fell by 28,6% and prices increased by 4,3%.
The trade balance shows a surplus of US$ 271 million. The balance was US$ 2.213 billion lower than in the same month of 2019. “This was mainly due to the fall in exports of US$ 1.508 billion and an increase of US$ 705 million in imports,” said Indec. Likewise, it was observed that in the last three months the level of the import series was equal to the first months of 2019.
Destinations
As for commercial destinations, Brazil remains the country with the greatest preponderance in trade exchange with Argentina. Exports to the neighboring country reached 721 million dollars and imports, 886 million dollars. trade balance was in deficit at $ 165 billion
Meanwhile, China, the second market, totaled only 375 million dollars and imports, 879 million dollars. In this case, too, a deficit $504 million trade.
With the United States there was also deficitt trade of 169 million dollars. According to INDEC, the three main countries with which Argentina obtained a surplus result were India (174 million dollars), Vietnam (167 million dollars) and Chile (162 million dollars).
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