Estimate that exports to Brazil will grow by 10% by 2019



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As a result, practical bilateral trade balance will be balanced (after a record deficit in 2017 which was halved in 2018), something that hasn't happened since 2014.

For Ekolatin, after a five-year decline or stagnation of the virtual economy, 2019 will be the first year in which the giant South American GDP will grow steadily, up by around 3% according to a regular survey by the Central Bank.

Argentine exports to Mercosur and extrazone (2019) .jpg

In recent years, exports of Argentinian goods have fallen systematically. The value sent abroad rose from US $ 83,000 million in 2011 to less than US $ 60,000 million in 2017 (-30%), as a result of contractions in prices (-19%) and quantity (-13%). Comparing Mercosur shipments with the rest of the world, as a result of the recession that traversed the Brazilian economy, the decline was felt to be greater in regional blocks than outside: while previously dropped by 40%, past almost US $ 21,000 million in 2011 less than US $ S 12,000 million in 2017, the second is reduced from U $ S 62,000 million to U $ S 47,000 million in the same period (-25%).

Despite a significant contraction, sales to the region continue to represent one fifth of our shipments abroad (in 2011 it involved a quarter), so, for Ecolatina, "it is not possible to stimulate the commercial insertion of Argentina without considering its centrality".

"In conclusion, we can assert that, despite the poor performance of blocks in recent years, and especially in Brazil, Mercosur's direct flexibilization will not be good news for our country in the context of anemic domestic demand and when the competitiveness of local economic prices "was at the highest level in recent years," the report concluded.

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