For the second month in a row, a trade surplus with Brazil

According to a report by the Argentine Chamber of Commerce (CAC), bilateral trade between Argentina and Brazil amounted to US $ 1,478 million in the first month of the year, 23.7% less than value recorded the same month of the same month. previous year.

This decline is attributable to a significant 43.7% decline in Argentine imports from Brazil, and a 9.5% increase in local exports to the neighboring country, which amounted to US $ 682 million and 796 million US dollars respectively.

January's trade surplus was down 56.3 percent from December 2018, when the country reached a US $ 261 million surplus, according to the CAC report.

At the same time, the trade trend has been reversed in annual terms, since in January 2018, Argentina faced a trade deficit of US $ 484 million, according to data published by the Ministry of Development , of Industry and Foreign Trade. Brazil

The increase in Argentine exports to Brazil (9.5%) is due to freight vehicles, grain of wheat and liquid propane, while the decline in imports from Argentina (43, 7%) is mainly explained by pbadenger cars. , freight vehicles and tractors.

In January, Argentina was Brazil's fourth largest supplier, behind China ($ 5.148 million), the United States ($ 2.267 million) and Germany ($ 893 million).

In addition, for major buyers in Brazil, Argentina ranked fifth, behind China ($ 4,069 million), the United States ($ 2,311 million), Panama (1,338 millions of dollars) and the Netherlands ($ 683 million). .

In the monthly comparison – for December 2018 – trade between the two economies decreased by 11.7%, due to lower Argentine exports to Brazil (17.7%) and Argentine imports (3%). 4%). %) in that period, according to the report of the commercial entity.