Energy purchases boosted imports in June.
In June, the jump in external energy purchases pushed imports to a new high. The month ended with for an amount of 8,547 million dollarsas anticipated Clarione.
Imports grew 44.6% in the month, while exports increased $ 8,432 million, an increase of 20.3%. This led to a negative trade result of US $ 115 million.
is the first deficit in 18 months. The previous negative record was in December 2020, with 364 million dollars.
Purchases of fuel were the ones that grew the most. In June they reached $ 1,953 million, a jump of 156.6% compared to the same month of 2021. Therefore, fuel, fueled by the price increase triggered by the Russian invasion of Ukraine, represented 22.9% of total imports.
The escalation of imports has led the government to add restrictions try to ensure that as little dollars as possible pass through this channel and that the few foreign currencies that the Central Bank obtains are mainly used for the purchase of energy.
The data released today by INDEC confirm market estimateswhich calculated last month’s energy purchases at US $ 2,000 million per month.
In July, the numbers remain at a similar level: Wednesday 100 million dollars in energy purchases went away and the central bank had to sell 40 million dollars. In the week 290 million dollars went to the monetary authority.
News in development
Source: Clarin
