08/02/2021 20:18
Clarín.com
Economy
Updated 08/02/2021 8:18 PM
Thanks to the countryside and Asian countries,
Argentine exports recovered strongly in the first semester and totaled US $ 35.4 billion, the highest record in the last seven years
.
The result represented a growth of 28.3% compared to the same period of 2020 and exceeded the US $ 30.8 billion exported in 2019, before the outbreak of the pandemic.
According to the DNI Consultores report, the main reason is the better prices and not necessarily a relevant jump in volumes, which are even going backwards.
"We
must refer to 2014 to obtain a better result than the first half of 2021,
"
said
Marcelo Elizondo's
consultant
.
For the specialist,
the numbers also show a change in the matrix
of the trade balance, driven by the growing
trade link with Asia
, which exceeds the exchange with the rest of the regions and confirms that
Argentine foreign trade is “Latin Americanized”
, by roll back the participation of Mercosur.
In the first half of 2021,
35% of total exports went to Asian markets and 27% to Latin America
.
The exchange was favored by the signing of the international treaty and the creation at the end of 2020 of the Regional Comprehensive Economic Association (RCEP), made up of the countries of Southeast Asia, China, Japan and Australia, among other countries.
"This has become the main recipient of Argentine exports on the planet, surpassing Mercosur: the RCEP receives exports for 7,550 million dollars in the semester, which exceeds exports to Mercosur in the period (6,110 million)," he said. The report.
The other notable change is the increased dependence on the field
.
This is observed in that 70.5% of total exports in 2021 were of agricultural origin, while this proportion was 60% in 2014.
Trade flow also improved with Brazil
, accumulating growth in the first seven months of 48% year-on-year.
In that period, exports rose by 45% year-on-year and imports by 54%. "With this data,
we already demand 25% more shipments from Brazil than in the same month of 2019," said a report by Ecolatina
.
Brazil is the main source of Argentine purchases and the jump in these operations puts pressure on the dollar.
This led the Central Bank to sell dollars again in the foreign exchange market after three months.
In the last four days of July, US $ 310 million had to be discharged
to contain tensions and transfer foreign currency to pay for imports.
In June, the renewed demand from savers was also added.
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