Argentina achieved a trade surplus of 71 million US dollars in July with Brazil – Telam

The bilateral trade balance with Brazil in July showed a slight balance in favor of Argentina, of an amount of 71 million US dollars, with which the country has accumulated in the first seven months of the year. 39, year a surplus of 261 million US dollars, according to the Ministry of Development. , Industry and Foreign Trade of Brazil.

The figures published by the economic consultant, Abeceb, explained that Argentina's favorable trade balance, which amounted to US $ 71 million, resulted from exports to Brazil of 907 million US $ and imports of US $ 836 million.

The results of bilateral foreign trade recorded a volume of trade between the two countries in 2019, down 24.4% compared to the same period last year, from 16 093 million USD to 12 countries. 165 million USD.

"We are at a time of near-equilibrium in trade because over the last three months, the total balance is in favor of Brazil for only $ 77 million," said the consultant.

During the first seven months of the year, the trade balance between the two countries amounted to US $ 261 million for the country, a variation of US $ 4,150 million compared to the same period of last year, for which Brazil was largely in surplus. .