Argentine exports totaled US$ 7,901 million in October and thus reached new historical highs for this month, driven by higher sales of products of agricultural origin, minerals, fuels and automobiles, reported the Foreign Ministry.
In the tenth month of the year, sales abroad were more than US$1 billion higher than in October 2021, the diplomatic portfolio remarked in a statement.
In the first ten months of 2022, the total exported amounted to US$75,144 million, accumulating a trade surplus of US$4,406 million.
Thus, between January and October, USD 10,000 million more were exported than in all of 2019, and a new all-time high was reached, the Foreign Ministry also highlighted.
In that period, exports grew 15.3% compared to January-October 2021 and exceeded the previous record for the same period in 2011 by 7.1%, the report added.
At the product level, in October the largest exports of soybeans, petroleum oils and boneless frozen beef stand out, as well as motor vehicles, soybean meal and pellets, biodiesel, lithium carbonate and aluminum among industrial goods.
The 563.5% increase in soybeans reflects the results of the “Export Increase Program” aimed at promoting the marketing of soybeans and their derivatives, the Foreign Ministry highlighted.
So far in 2022, the exported values of all major items have increased: Manufactures of Industrial Origin (MOI) reached the highest value since 2013 (US$ 19,263 million), Manufactures of Agricultural Origin (MOA, US$ 27,899 million ) and Primary Products (US$ 21,116 million) registered record levels, while Fuels and Energy (C&E, US$ 6,866 million) marked the highest value since 2008.
The main export markets in the first ten months of the year were Brazil (13.9%); Chinese (9.1%); United States (7.8%); Chile (5.5%); Indian (5.1%); and the European Union, as a bloc, was the destination of 12.3% of exports from January-October 2022.
The Foreign Ministry highlighted these data after knowing the report of the National Institute of Statistics and Censuses (Indec) on the commercial exchange of October, which left a surplus of US$ 1,827 million, product of foreign sales of US$ 7,901 million and imports of US$ 6,074 million.
