Argentina recorded in March a trade surplus of 184 million USD with Brazil

In March, the The trade surplus with Brazil reached 184 million USD. In the accumulated first trimester from 2019, the favorable balance for Argentina has been extended to $ 334 million.

The improvement of the result is linked to a 20% increase in the value of goods sent in Brazil, although this has also had an impact on 53% drop in imports Argentina from the neighboring country, at 983 million USD and 799 million USD, respectively.

Meanwhile, it was the fourth consecutive favorable monthly balance for the exchange of goods, and the fifth in the last seven months. In this way, the deficit with Brazil it has been reduced to around $ 1,700 million in the last 12 months, according to an estimate of Axel Cardin, Research Analyst at Bull Market Brokers.

"About the the sales in the neighboring country, they saw each other driven by amortization peso against the Brazilian real) of the second half of February and March, to which were added the larger exportable surpluses in the context of recession of the Argentine economy. Among the articles with major breakthroughs stand out freight vehicles, wheat and fuel", expressed a report from Ecolatin.

"In relation to destinations, Argentina ranked third among the largest suppliers from Brazil, below China, from Hong Kong and Macao (USD 2,567 million) and the United States (USD 2,179 million), "says a report by the Chamber of Commerce and Services.

"In regards to The main buyers of Brazil, Argentina is also ranked third, Behind China, Hong Kong and Macao (5,557 million USD) and the United States (2,244 million USD), "he added.

Brazil being the largest exporter of products in Argentina and the world's largest buyer of Argentine balanced commercial exchange with Mercosur's partner is essential for our country to recover the surplus in external accounts.

In 2018 the trade deficit with Brazil decreased by 52%, in USD 3.901 million. During the same period, Argentina's trade deficit with all destinations, including Brazil, has reached $ 3.820 million, with a reduction of 54.9%. This is to say that Brazil explained the total deficit in practice, as well as its decrease in comparison from year to year.