Argentina´s bilateral trade with Brazil closes August at deficit of US$107 million

The commercial exchange between Argentina and Brazil during the month of August, resulted in a deficit of US$ 107 million for Argentina, greater than the negative balance of US$ 42 million registered during the same month of last year, according to data released on Sept. 1st by the Foreign Trade Office (Secex), of the Ministry of Economy.

In the eighth month of the year, the trade flow between Argentina and Brazil was US$ 1.345 million, representing a 20.5% decrease as compared to the same month in 2019.  The official Brazilian report highlighted that Argentina ranked fourth among Brazil’s largest suppliers, behind China (including Hong Kong and Macau), the European Union, and the United States.

During the period from January-August, the trade flow between the two economies fell 27.9%, reaching US$ 10.058 million. Argentina’s trade balance showed a deficit of US$ 363 million against a surplus of US$ 130 million for the same period in 2019.

Sources: Portal Portuário / Télam

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