2024-02-20 21:12:47
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In January, imports fell and a trade surplus of US$ 797 million was recorded, something that had not happened since 2022. In this way the deficit of US$ 443 million from the same month last year was reverseddue to a recovery in exports, and a sharp drop in purchases abroad, the Institute of Statistics and Censuses (Indec) reported today.
Las Sales abroad increased 9.6% in interannual terms to total US$ 5,398 million, while imports fell 14.3% to total US$ 4,601 million, the organization reported.
The increase in exports was related to the greater amount of products sold, especially wheatthan at prices that had a general drop of 9.4%.
Primary products (PP) increased 55.4%, which was corresponding to US$ 580 millionIn this area, quantities increased 63.7% compared to January 2023 and prices decreased 5.8%.
This increase was mainly due to higher sales of wheat, which recovered following the drought last year, with an increase of 68.9%. Also highlighted were the increases in unprocessed fish and seafood, with US$ 39 million, among others.
He value of Fuels and Energy (C&E) exports rose 10.3%; while prices decreased 15.4% and quantities increased 31.2%. In this area, the rise in crude oil sales stood out.
As for the Manufactures of Agricultural Origin (MOA) rose 3.1%equivalent to US$ 56 million, resulting from a 16.6% increase in quantities, with a 14.4% drop in prices.
For exports of Manufactures of Industrial Origin (MOI) the drop was US$ 226 million15.6% year-on-year, as a result of a 10% decline in quantities and a 5.5% decline in values.
Regarding imports, they reached US$ 4,601 million, 14.3% lower than the same month in 2023some US$ 767 million with a 3.6% decrease in quantities despite the fact that prices were 11.3% below the same month last year.
If the prices of January of last year had prevailed, the trade balance would have shown a surplus of US$ 1,192 million due to the fact that export prices fell 9.4%, and imports 3.6%, for which the country recorded a loss in the terms of exchange of US$ 366 million.
With information from Télam
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