Argentine imports slumped 18.2% to reach US $ 5,077 million in October, according to the National Census and Statistics Institute (INDEC) while exports grew 1.4% to US $ 5.354 billion. . In this way, Argentina reported a positive trade balance of U $ 277 million in the tenth month of this year.
From the Radar consultant, showing that "as happened historically during the devaluatorios episode in Argentina, adjustments from related external accounts, at least in the short term, with the fall of imports as a result of smaller economic activities provoked by accelerating inflation, exports, for reasons that different, slow to react to new exchange rates. "
The most important surplus in October was related to trade with Chile, which was US $ 221 million; Vietnam US $ 177 million, Algeria US $ 92 million, Bangladesh US $ 87 million, Peru US $ 86 million, and Indonesia US $ 84 million, among others.
The most important deficit in October was registered in China, US $ 321 million, United States, US $ 321 million; and Brazil US $ 110 million, said Indec.
That month, primary product exports totaled US $ 1,114 million, with a 3.2% decline due to a decrease of 5.8% in the number sold, which could not be compensated for by a 2.8% increase. in price.
Meanwhile, agricultural manufacturing sales (MOA) increased 4.4% year-on-year, to $ 2,027 million with a 3.5% increase in total, and prices 0.9% higher than in October this year.
Industrial Origin Manufacturing (MOI) reached US $ 1,824 million, 3.4% lower than in the same month of 2017, at a price of 6.9% lower despite the fact that the number increased 3.6%.
Meanwhile, Fuel and Energy were sold for $ 389,000,000, with a 25.8% increase in prices and a 4% increase in total.
Meanwhile, amid a rise in the dollar and a slowdown in the industrial sector during September, imports showed a decrease in the amount of all goods, with 12.9% of Capital Goods, 38% in Parts and Accessories of Capital Goods, 46.9% in Vehicles , 12.8% in Consumer Goods.
"This is a sign that investment is a component of aggregate demand which records a larger decline, which endangers the capacity of economic growth in the long run," highlighted Radar.
In addition, they point out that the prospect of "an increase in external yields as a result of the economic recession that is being experienced by the economy and the consequent decline in imports." This year will be closed with a deficit of nearly $ 4,000 million. The surplus could exceed US $ 3,000 million, as a consequence of the continued decline in imports and a strong increase in agricultural exports, because it would be compared to the year of drought. "
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