Exports continue to rise and trade balance records record in the first two months

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Figures were released by the Ministry of Development, Industry, Commerce and Services. In February alone, a positive trade balance totaled US$5.44 billion, also a new record. The trade balance recorded a surplus of US$ 11.94 billion in the first two months of this year, reported the Ministry of Development, Industry, Commerce and Services this Wednesday (6). The result is a surplus when exports exceed imports. When the opposite happens, the result is deficient. According to the MDIC, the surplus recorded in the first two months of this year is the largest for the first two months of a year since the beginning of the historical series, which began in 1989. Until then, the highest value ever recorded for the period was a balance positive amount of US$6.72 billion in 2016. In the first two months of this year: Exports registered an increase of 17.4%, to US$50.5 billion. Purchases from abroad totaled US$38.576 billion, an increase of 1%. Month of February In the month of February alone, according to official data, the trade balance recorded a surplus of US$5.44 billion, a value that is also a historical record. According to the government, in February: exports totaled US$ 23.54 billion; imports totaled US$ 18.09 billion. Highlights of exports in February Soy: US$ 2.93 billion, with an increase of 4.5% Iron ore: US$ 2.27 billion, with an increase of 41.4% Crude petroleum oils: US$ 2.62 billion , with an increase of 119% Sugar and molasses: US$ 1.58 billion, with an increase of 201% Soybean meal: US$ 814 million, with an increase of 9.8%. Main buyers China and Macau: US$7.02 billion, up 40% European Union: US$3.02 billion, up 5.9% United States: US$2.65 billion, up 9.0% 3% Association of Southeast Asian Nations: US$ 1.94 billion, up 31.4% Mercosur: US$ 1.39 billion (-21.5%), with US$ 938 million for Argentina alone (- 30%).

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