Agro-exports fell -20% in April

Published 2020년 6월 16일

Tridge summary

In April, Argentina's agro-exports, encompassing both traditional and non-traditional goods, saw a 20% decrease, totaling US $ 325 million 287 thousand. Despite this monthly setback, the first two months of the year showed a 1.5% growth in accumulated January-April exports, reaching US $ 1,973 million 647 thousand across 82 markets. The pandemic led to a reduction in export markets and trade flows, with notable absences including Norway and India. Traditional agriculture exports experienced significant declines, particularly in coffee, while value-added exports showed positive growth in the early months but also faced challenges in April. Non-traditional exports, led by fruits, experienced mixed results but overall showed a 3.9% increase. The United States emerged as the top destination for Argentina's agro-exports, followed by the Netherlands and Hong Kong, amidst varying trends in export volumes to other key markets.

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

Original content

In April of this year, traditional and non-traditional agro-exports (US $ 325 million 287 thousand) fell -20%; However, the figures achieved in the first two months of the year, prior to the pandemic, managed to close in the accumulated January-April with a growth of 1.5%, reported the Association of Exporters (Adex). The national agro-export supply reached 82 markets, 25% less compared to the same month of 2019 (109). Some that were no longer exported were Norway, India, Switzerland, The Gambia, Estonia, Cuba, Saint Lucia, Mauritius, Liberia and others. It also reduced its shipments to others such as the US, the Netherlands, Hong Kong, Spain, China and the United Kingdom. The monthly breakdown shows that traditional agriculture fell -32% in January, -13% in February, -46% in March and -58% in April, mainly due to lower coffee shipments. For their part, value added grew 4% in January, 26% in February, 3% in March and fell -18% in April. Accumulated Total agricultural exports ...

Source: PEagronoticias