Biggest surplus of last year | Trade balance …

The The trade balance reached a surplus of $ 1,623 million in May, the highest figure in a year, according to the report of the National Institute of Statistics and Censuses (Indec). In the fifth month of 2021, income was recorded for exports for $ 6,764 million: It is highest level since June 2014. For its part, in May, the imports totaled $ 5,141 million.

So the commercial exchange (exports plus imports) reached a value of $ 11.905 million, with a 44.4% increase compared to May 2020.

In the cumulative first five months of 2021, exports reached $ 28,314 million and imports reached $ 22,690 million.. The trade balance recorded a surplus of 5 624 million dollars in the period.

During those five months, exports increased 24.4% ($ 5,547 million) due to increases in quantities of 3.2% and prices of 20.5%. In contrast, imports increased 42.3% ($ 6,749 million) due to a 34.4% increase in quantities and a 6% increase in prices.

Taking into account the sum of exports and imports, In the first five months of 2021, the main trading partners were Brazil, China and the United States, in that order. Exports to Brazil reached $ 3,987 million and imports $ 4,738 million.

Exports

Regarding the exports, increased in May by 33.2% compared to the same month of 2020 ($ 1,686 million), mainly due to a price increase of 35.9%, with quantities falling by 1.9%.

For headers, Exports of manufactures of industrial origin (MOI) increased by 117.7 percent; fuels and energy (CyE), 45.5 percent, and manufactured goods of agricultural origin (MOA), 34.7 percent; while primary products (PP) recorded a decline of 2.1%.

The main destinations for Argentina’s exports in May were Brazil, China, the United States, Chile, India, the Netherlands, Viet Nam, Egypt, Indonesia and Iran, in this order; who together have accumulated 58 percent of total outside sales.

Imports

Imports increased 62.4% in May compared to the same month a year earlier ($ 1,975 million), consequence of a 40.7% increase in quantities and 15.3% in prices.

All economic uses recorded positive changes: capital goods, 39.5%; intermediate goods, 58.7 percent; fuels and lubricants posted an increase of 170.7%; parts and accessories for capital goods, 99.8 per cent; consumer goods, 11.4 percent; passenger vehicles, 121 percent, and the remainder, 155 percent, mainly due to the increase in goods shipped by postal services (couriers).

For their part, the top ten countries of origin of imports were: Brazil, China, USA, Paraguay, Germany, India, Thailand, Mexico, Vietnam and Italy, and they accounted for 70.5% of total overseas purchases.