The trade balance showed in January of this 2023 a deficit of US$ 484 million dollars. Exports totaled US$ 4,900 million, while imports amounted to US$ 5,384 million.
This represents a decrease of US$781 million with respect to the same month of the previous year, a period in which a surplus of US$297 million had been registered.
The exports of primary productsespecially soybeans and their derivatives, had a fall of 42.5% year-on-year, due to the effects of the drought.
Scientists find no relationship between climate change and drought in Argentina
In the first month of the year, exports fell 11.7%, the steepest contraction since December 2020, due to a drop of 13.3% in quantities, while prices increased by 1.6%.
The decline in foreign sales is directly linked to the drought that has been hitting the main agricultural areas in recent months, indicated from NA. this marked a drop of US$ 788 million in the sale of cereals (especially wheat), the sub-heading that arose the greatest drop, with a retraction of 51.6% compared to the same month of 2022.
Shipments of primary products (PP) decreased 42.5%; and fuels and energy (C&E), 5.2%; while manufacturing of industrial origin (MOI) increased by 12.5%; and manufactures of agricultural origin (MOA), 1%.
Imports in January 2023
For his part, imports rose 2.5% compared to January 2022, due to a 3.2% increase in prices, since quantities fell 0.8%.
At the level of economic use, se purchases of fuels and lubricants (CyL) increased by 96.1%; and parts and accessories for capital goods (PyA) at 21.4%.
On the other hand, the imports of capital goods (BK), 12.3%; passenger motor vehicles (VA), 11.8%; intermediate goods (BI), 10.5%; and consumer goods (BC), 8.1%.
LM
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