Argentine foreign trade continues without raising its head. INDEC data shows that exports suffered the biggest drop so far this year in April a 29.3% retracement, while imports decreased by 12.6%also the sharpest decline in 2023.
This led to the trade deficit being reached last month 126 million dollars. In the first quarter, the red rose to $1.469 billion and accounts for the tribulations Argentina faces in accumulating foreign currency.
Exports were even in April 5,891 million dollars and imports, US$6,017 million. The 29.3% contraction in exports is due to a drop of 22.7% in quantities and 8.6% in prices.
It wasn’t just the drought that affected overseas sales. All items are decreased: primary products (PP), 55.6%; manufactured articles of agricultural origin (MOA), 29.5%; fuels and energy (C&E), 15.6%; and manufactured goods of industrial origin (MOI), 4.5%.
Imports decreased by 12.6% due to a drop in quantities of 9.1% and prices of 4.1%. In terms of economic use, imports of fuels and lubricants (CyL) decreased by 39.8%; and the remaining part, 33.3%, mainly due to lower purchases of goods sent by postal services (couriers); passenger cars (VA), 28.4%; capital goods (BK), 22.4%; consumer goods (BC), 7.7% and intermediate goods (BI), 7.4%. Parts and Accessories for Capital Goods (PyA) grew 3.3% and was the only usage with a positive change.
While last month the trade balance recorded a deficit of $126 million andn April 2022 there was a surplus of $1,454 million.
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Source: Clarin
