The Argentine imports sank 18.2% and reached $ 5.077 million in October, According to the National Institute of Statistics and Census (INDEC), while exports increased 1.4% to US $ 5,354 million. This way, In the tenth month of this year, Argentina reported a positive trade balance of $ 277 million.
From the consultant Radar, they pointed out that "how it happens historically During the devaluation episodes in Argentina, the adjustment of external accounts was linked, at least in the short term, to a drop in imports as a result of lower economic activity caused by inflationary acceleration. Export for various reasons slowly responds to a new course. "
The most significant surplus in October was the trade with Chile that's $ 221 million; Vietnam 177 million dollars, Algeria 92 million dollars, Bangladesh 87 million dollars, Peru 86 million dollars and Indonesia 84 million dollars, among other things. The most important deficits in October were registered in China, US $ 321 million, US $ 321 million; and Brazil $ 110 million, Indec said.
That month export of primary products They added U $ S to $ 1.114 million, with a decline of 3.2% due to a 5.8% drop in sales volumes, which could not be compensated by an increase of 2.8% in prices. In the meantime, Manufacturas de Origen Agropecuario for sale (MOA) rose by 4.4% from last year to US $ 2.027 million with an increase of 3.5% in the amount, and prices by 0.9% more than in October last year.
The Products of Industrial Origin (MOI) US $ 1,824 million, 3.4% less than in the same month of 2017, and prices were 6.9% lower, despite the fact that the quantity increased by 3.6%. In the meantime, Fuels and energy USD 389 million was sold, with a 25.8% increase in prices and an increase of 4%.
In the meantime, due to the growth of the dollar and the brake of the industrial sector in September, import showed a decline in the quantity of all items, with a 12.9% drop in the capital, 38% in parts and equipment of capital goods, 46.9% in vehicles, 12.8% in consumer goods.
"This is a sign that the investment is a component of aggregate demand that registers a higher decline, which in the long run threatens the capacity of the economy," Radar emphasized.
In addition, they pointed out that the outlook is "improving the outcome as a result of the economic recession through which the economy is going through and the last decline in imports." The year would close with a deficit of almost $ 4,000 million. the surplus could exceed $ 3,000 million, as a result of a steady decline in imports and a strong increase in agricultural exports, as it will be compared with the year of drought. "