The trade balance with Brazil today works almost in balance

The main definitions of the work are as follows.

As for Argentine imports from Brazil, the year-on-year decline in the seventh month of the year was -27.4%, about 18.1 percentage points lower than the 45.5% registered in June. The largest declines in imported products were recorded in pbadenger cars, cargo ships and grain soybeans. In the accumulated 2019, Argentina imported US $ 5,952 million from Brazil, a decrease of 40.4% from US $ 9,991 million in the same period in 2018. Another take into account is that Argentina has decreased its Brazilian purchases, but to a lesser extent than the rest of Mercosur. According to the MDIC, the main products concerned were pbadenger cars, wheat grains, plastic polymers and milk.

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In the future prospects, Brazil seems to stabilize the forecast for the development of the economy towards the end of the year. Although activity is well below expectations at the beginning of 2019 (0.9% vs. 2.5%), the Senate pension reform move could mark the beginning of a new trend for sector. Brazilian economy

On the Argentine side, the imminence of the presidential election also generates sources of uncertainty that affect the economy as a whole and the import of goods in particular.

It is therefore not surprising that the volume of trade between the two countries in 2019 is 24.4% lower than the same period of the previous year (12 165 million USD against 16 093 million USD). Once these uncertainties are lifted, we could expect a resumption of bilateral trade between the two countries.