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Imports grow despite the shortage of dollars – News from Argentina

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November 9, 2023 – 1:49 p.m.

Although some sectors complain about obstacles to imports, purchases abroad accumulated high levels between January and October of this year. There is a record in capital goods.

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Despite the lack of dollars and although different sectors demand the import license approval (SIRA), as far as he could know Ambitpreliminary data from the Central Bank (BCRA) reflect that Argentina has record levels of imports this year.

The Purchases abroad accumulated US$64,000 million between January and October and marked the second best record in the last 5 years. Likewise, 2023 marks record so far in terms of imports of capital goods, parts and accessories, with a cumulative total of US$23.3 billion, compared to US$23.2 billion in 2022. In 2021, the item had totaled US$17.8 million, in 2019, it reached about US$16,100. million and the following year (with the pandemic), US$11.7 billion.

He average of these four years is US$19,000 millionabove what was imported in 2019.

Imports: October data

While in the tenth month of the year reached almost US$6 billion, a drop of 10% annually and 4% compared to September. Of this total, payments for about US$4,000 million (a third of the total) were channeled through the official exchange market (MULC).

According to official data, 70% of the drop in imports in the accumulated year to October is explained by the improvement in the energy balance and they highlight that the Néstor Kirchner gas pipeline and the increase in gas production were key to this data being recorded.

Imports by items in October

According to the detail, the intermediate goods accounted for US$2.1 billion approximately, a number that represents a fall of 11% annually and a growth of 8.5% compared to September.

Talking about food for industry, Purchases abroad were for US$260 million in the month.

The capital goods They exceeded US$1 billion, 6.5% below the September level, but with a slight year-on-year improvement.

Meanwhile, the consumer goods They were less than US$570 million, a drop of 6% monthly and 6% annually.

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