Brazil-Argentina trade at all-time low

Exports from Brazil to Argentina totaled $5 billion from January to May this year, marking a 33.1% decrease compared to the same period last year.

These shipments accounted for 3.61% of Brazil’s total exports, the smallest share for this period since 1997. The previous lowest share was in 2020 when Argentina internalized 3.71% of Brazil’s export value.

In May alone, Brazilian exports to Argentina fell by 42.7%.

The chart below explores container exports from Brazil to Argentina between Jan 2021 and Apr 2024. The data is from DataLiner.

Container Exports to Argentina | Jan 2021 – Apr 2024 | TEUs

Source: DataLiner (click here to request a demo)

Shipments amounted to $1.1 billion, with Argentina being overtaken by Spain among countries importing from Brazil. Brazilian exports to Spain totaled $1.51 billion in May.

Over the past five months, Argentina remained the third-largest destination for Brazilian exports. The most exported products to Argentina were cars and vehicle parts, which accounted for 24% of the export value.

Brazilian imports of Argentine products remained stable, totaling $5 billion from January to May, with a 1.2% increase compared to the same period in 2023. The trade deficit with Argentina was $60.7 million.

In May, Argentina’s sales to Brazil reached $1.05 billion, a 15% increase compared to the same month last year.

Source: Valor Econômico

Full text available at: https://valor.globo.com/brasil/noticia/2024/06/07/exportacao-do-brasil-para-a-argentina-nunca-foi-tao-pequena.ghtml

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