In June, Argentine exports to Brazil grew 91.8% year-on-year

Published Jul 6, 2021

Tridge summary

Argentine exports to Brazil saw a yield of 91.8% in June, amounting to $973 million, marking the sixth consecutive month of growth. However, the trade balance showed a deficit of $57 million due to imports from Brazil reaching $1,030 million, a 70.7% increase year-on-year. The bilateral trade between the two countries for the sixth month of the year was $2,003 million, with Argentina ranking as the third-largest supplier and third-largest buyer in Brazil. Despite the trade deficit, Argentina's exports to Brazil experienced significant growth, particularly in motor vehicles and agricultural products, while imports from Brazil increased, driven by tourism vehicles and motor vehicle parts. The trade balance for Brazil showed a surplus of $10,372 million for the fifth consecutive month, attributed to a rise in both exports and imports.

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

Original content

Argentine exports to Brazil expanded 91.8% year-on-year in June, adding 973 million dollars, the sixth consecutive increase. Meanwhile, imports from that destination were 1,030 million dollars and showed an increase of 70.7% compared to the same month of 2020. This means that the trade balance for Argentina showed a deficit of 57 million dollars in June, which which implies a monthly decline of 87.8%. Likewise, a decrease of 40.6% is observed in the inter-annual comparison, since in the same month of 2020 a deficit of 97 million dollars had been verified, according to data published by the Ministry of the Economy of Brazil. The Argentine Chamber of Commerce and Services highlighted that bilateral trade between Argentina and Brazil was 2,003 million dollars in the sixth month of the year, 80.3% higher than the value obtained in 2020 (when it had been 1,111 million dollars. ). However, the exchange had a decrease of 4.2% compared to the previous month. The rise in exports from ...

Source: Losandes