Argentina deepened its trade deficit with Brazil

Published 2023년 6월 1일

Tridge summary

In May, the trade exchange between Argentina and Brazil saw a 15.2% increase compared to the previous year, reaching a total of US$ 3,092 million. Despite this growth, Argentina experienced a trade deficit of US$ 763 million. Exports from Argentina to Brazil fell by 4.8% for the second consecutive month, totaling U$S 1,164 million, while imports from Brazil increased by 32%, amounting to U$S 1,927 million. The negative trade balance for Argentina in the first five months of the year was US$ 2,538 million, with exports growing by 4% and imports increasing by 27.7% compared to the same period in 2022. The decrease in exports was primarily due to a drop in unmilled wheat, rye, cereal preparations, flours, and ethylene polymers, while the rise in imports was largely driven by soybeans, passenger cars, and parts for motor vehicles.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Although the commercial exchange between Argentina and Brazil improved by 15.2% year-on-year in May and totaled US$ 3,092 million, the bilateral trade balance ended with a deficit of US$ 763 million for the country, according to a report prepared by the Argentine Chamber of Commerce and Services (CAC). The improvement compared to April was 21.1% with an increase in exports of 31% and imports by 15.8%, although the interannual measurement shows a drop in Argentine exports to Brazil by 4.8% ( second consecutive month of decline), totaling U$S 1,164 million, while imports from that destination amounted to U$S 1,927 million, with an interannual increase of 32%. Trade between both countries accumulated in the first five months of the year a negative balance for Argentina of US$ 2,538 million. Exports so far this year grew 4% compared to the five months of 2022, while imports from Brazil increased 27.7% in the same period. The year-on-year ...

Source: Mdzol