The trade balance for May was positive at 366 million dollars

The commercial exchange in May closed with a surplus of US$366 million, almost four times below the positive balance of US$1,672 million in the same month last year, reported the National Institute of Statistics and Censuses (Indec).

This result arises from an increase in exports of 20.7% year-on-year, adding US$8,226 million, but with an increase in imports of 53% in the same period, a total amount of US$7,870. millions. With the “import festival” denounced by Vice President Cristina Fernández translating into numbers, the accumulated figure for the first five months of the year shows a surplus of US$3,196 million, against US$5,672 million in January-May last year.

Billing for sales abroad between January and May totaled US$39,917 million, with an accumulated growth of 26.6% compared to imports of US$32,722 million and an advance of 44.2%, specified the Indec .

In May, the billing for purchases abroad in the Fuel and Energy category was the one with the highest growth, with an increase of 226% year-on-year, adding US$1.6 billion, as a result of a rise of 155% year-on-year in the price and 51% in imported volume.

In the case of Argentine exports of the Fuel and Energy category, the turnover was US$488 million, with an increase of 33%, explained by an 82.3% rise in prices, with a 27% drop in sales. quantities dispatched.

In May, the billing for exports increased 20.7% compared to the same month of the previous year to add US $ 8,226 million.

During the fifth month of the year, all items recorded increases in their billing: Fuel and Energy 33.7%; Manufactures of Agricultural Origin (MOA), 29.4%; Manufactures of Industrial Origin, 17.6%; and Primary Products, 8.6%.

The Indec also reported that the cost of freight increased 55% on average compared to May last year, with a rise of 70% for shipments to the United States, 72% to the European Union; 55% for China and 44% in trade with Mercosur countries.

In May, the balance of the trade balance –exports minus imports– of the main products and by-products derived from soybean cultivation registered a surplus of US$2,095 million, US$140 million higher than the same period of the previous year.

Meanwhile, in the automotive complex –vehicles for transporting people, merchandise and chassis, parts and tires– they presented a negative balance of US$183 million, above the US$131 million of the same month last year.

In this framework, the accumulated figure for the first five months of the year showed a surplus of US$3,196 million, against US$5,672 million in January-May last year.

Invoicing from foreign sales totaled US$39,917 million, with an accumulated growth of 26.6% compared to imports of US$32,722 million and an advance of 44.2%, reported the Indec.

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