translated from Spanish: Imports rose 68.7% in March and the trade surplus was US$400 million

Argentina’s trade balance recorded a positive balance of $400 million in March, reported by the National Institute of Statistics and Census (INDEC). In this way, March’s exports totaled $5.72 billion, representing a year-on-year increase of 30.5%, and imports were $5.32 billion, up 68.7% from the same month last year. During March, exports reached the highest level since November 2019, and imports, the highest value since August 2018. Trade (exports plus imports) increased by 46.5%, compared to the same month of the previous year, reaching $11.04 billion, the maximum exchange value since August 2018. The trade balance recorded a surplus of $400 million.

Exports increased by 30.5% from the same month in 2020 ($1,337 million), mainly due to a price increase of 13.9%, and amounts of 14.6%. In destationalized and trend-cycle terms, March exports increased 0.6% and 2.8%, compared to February 2021.All items increased except fuels and energy (CyE) which recorded a slight drop of 0.7%. Exports of manufactures of agricultural origin (MOA) increased by 63.7%, primary products (PP) 14.7% and industrial manufacturing (MOI) 15.2%. Imports increased 68.7% compared to the same month of the previous year ($2,166 million), mainly up by 64.2% and in prices of 2.8%. In destationalized and trend-cycle terms, imports grew 13.8% and 1.4%, in each case, compared to February 2021.
All economic uses recorded positive variations. Capital goods (BK) rose 80.5%; intermediate goods (BI), 81.2%; fuels and lubricants (CyL) 28.3%; capital goods (PyA) parts and accessories, 82.3%; consumer goods (BC), 39.9%; and motor passenger vehicles (VA), 15.3%. In this way, the balance of the trade balance was $400 million, $828 million lower than in the same month of 2020. In March, all magnitudes at the general level (value, quantity and price) of exports and imports increased.
In this note:

Original source in Spanish

Related Posts

Add Comment