Exports in Argentina with a slight drop in May

Published 2022년 6월 27일

Tridge summary

The report shows a slight decrease in total exports, with declines in whole shrimp and shrimp tails balancing increases in other products like hake fillet and squid. Patagonian toothfish exports surged due to a significant price increase. Hake fillet prices rose, with Brazil and Spain as the primary buyers. Shrimp sales dropped in volume and foreign currency, but a higher average price offset some of the decline. Illex squid exports saw a slight increase, with South Korea, China, and Thailand as the main markets. The rise in Patagonian toothfish prices might be related to potential entry issues into the US market, with the US being the primary market for Argentine-marked toothfish.

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

Original content

According to the report prepared by the Chamber of Freezers based on INDEC data, total exports as of May 31 have been 174,557 tons for 674 million dollars, registering a drop of 1.6% compared to the same period in 2021. The data reveals that in the year-on-year comparison, sales of whole shrimp decreased by 18.2%, while sales of shrimp tails fell by 10.1%; these drops are the ones that have had an impact on the general balance of exports. The fact is that in other products the value exported has increased: in the case of hake fillet the rise was 6.0% and squid registered a slight increase of 0.8%. Patagonian toothfish registered an increase of 137.2% mainly influenced by the doubling of its price, the report indicates. On the other hand, it is indicated that the hake filet; shrimp and squid improved their prices. Of hake fillets, in total, 23 thousand tons have been exported for 62.5 million dollars, which implies a 10% drop in volume but a 6% rise in foreign exchange earnings, ...

Source: Revistapuerto