Sunday , November 29 2020

Imports continue to decline – LA NACION

Source: Archive

They retreated by 18.2% in October; another month of surplus

Last month, exports rose 1.4 percent to $ 5354 million, while imports plunged 18.2 percent and ended at $ 5077 million. The country thus had a positive trade balance in October of $ 277 million, Indec said yesterday.

On the other hand, trade (exports plus imports) fell by 9.2% compared to October last year and reached a value of USD 10,431 million. Considering the cumulative of the first ten months, Argentina continues to have a deficit of $ 6.175 million, as exports were $ 50,988. (they increased by 3.3% compared to the same period in 2017), while imports amounted to US $ 57.164 and also by 3.2%.

Among the sectors that generated the most foreign currency in October were the produced agricultural products by 2027 million dollars (4.4%); manufactured by industrial origin, by 1824 million dollars (-3.4%); primary products, $ 114 million (-3.2%), fuel and energy by $ 389 million (-31%). Within the import, the largest drop was recorded in motor vehicles, tractors, bicycles and other land vehicles (-555 million dollars); phones, including cell phones (-134 million dollars); automatic data processing or processing machines ($ 103 million) and mineral fuels (-100 million dollars).

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