Exports from Argentina to Brazil grow 91% in June

Published Jul 4, 2021

Tridge summary

Argentina's exports to Brazil experienced a 91.8% increase year-on-year in June, amounting to USD 973 million, marking the sixth consecutive increase, though imports also rose by 70.7%, leading to a trade deficit of USD 57 million for Argentina. The bilateral trade between the two countries reached USD 2,003 million in June, a 80.3% increase from 2020, with the trade flow increasing by 49.1% year-on-year to USD 11,051 million in the first half of the year. The growth in Argentina's exports is primarily due to motor vehicles, unmilled wheat, and rye, while imports were driven by passenger cars, parts, and accessories for motor vehicles. Argentina ranked third among Brazil's largest suppliers and third among its main buyers.

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

Original content

By Editorial PortalPortuario.cl / Agencia Télam, @PortalPortuario, Argentina's exports to Brazil grew 91.8% year-on-year in June, adding USD 973 million in its sixth consecutive increase, although this time at a rate higher than that registered by imports, which increased 70.7%. This was highlighted by the report of the Ministry of Development, Industry and Foreign Trade of Brazil reviewed by the Argentine Chamber of Commerce (CAC), which indicated that imports in June from the neighboring country were for a total amount of USD 1,030 million. Thus, the trade balance for Argentina showed a deficit of USD 57 million in June, with a decrease of 87.8% monthly and 40.6% in the year-on-year comparison, since in the same month of 2020 the negative balance was USD 97 million., In this sense, bilateral trade between Argentina and Brazil was USD 2,003 million in the sixth month of the year, 80.3% higher than the value obtained in 2020 when it had been USD 1,111 million, but the exchange ...

Source: CLPortalportuario