Eighth consecutive month of trade surplus due to the collapse of imports

The National Institute of Statistics and Census (INDEC) announced Thursday that the trade balance was ending in April with a trade surplus of $ 1,131 million, a result that was again favored by the 39, collapse of imports.

"In April 2019, exports reached $ 5,305 million and imports $ 4,174 million.Trade (exports plus imports) decreased by 16.2% to $ 9.479 billion" , said the official statistical agency.

According to the survey, imports registered a 31.6% drop in April over the previous year, which is slightly higher than that of March (33.7%). However, the trend indicates that the collapse of foreign purchases has been decisive as the trade balance accumulates its eighth month of trade surplus.

With regard to exports, INDEC indicated that they increased by 1.7% in April ($ 90 million) compared to the same period of last year, due to the increase in quantities of 10, 3%, prices fell by 7.7. %.

"Exports of primary products and fuels and energy increased by 18.8% and 5.8% respectively year-on-year, while those of the rest of the main products decreased: manufactured goods from the beginning. agricultural production (MOA), 5.6%, and manufactured goods of industrial origin (MOI), 2.3%, "the report says.

If you compare the performance of foreign sales reached in April to the March figures, the calculations show an increase of 3.3%. "At the same time, they fell 2.5% in seasonally adjusted data," Indec said.

New collapse of imports

The official agency's investigation concluded that imports fell 31.6 percent in April from the same month last year (-1.928 billion US dollars) because, they explained, "prices fell by 3.5% and contracted quantities 29, 1% ".

"Imports of capital goods decreased by 42.3%, intermediate goods 17.1%, fuels and lubricants 7.3%, capital goods and parts and accessories , 28.2%, those of consumer goods, 35.2%, and those of pbadenger cars, 69.7% ", detailed the work.

Indec added that "compared to March 2019, April imports recorded an increase of 5.6%, while they decreased by 1.4% in corrected data. seasonal variations ".