Paraguay exports marked a record sum in the first six months of 2024, having totaled, US$ 8,57 billion, the highest in the last five years and also a maximum diversification of markets in 136 different countries. Stats were supplied in a draft paper on foreign trade from the Paraguayan central bank.
Paraguayan authorities enacted a mechanism whereby foreign shoppers, particularly those living in Argentine across-the-border twin cities, would benefit from tax deductions and other advantages, it was announced this week.
Argentina recorded a historic foreign trade exchange surplus of US$ 2.656 billion in May, Argentina's Trade Exchange (ICA) reported Thursday in Buenos Aires. The new figures surpassed the previous record of US$ 2.543 billion from May 2009. So far in 2024, Argentina has accumulated a balance of + US$ 8.8 billion.
In the last ten years, up until 2021, Brazilian export to China grew at a greater rate that those to rest of the world. From 2012 to 2021, China’s importance as an export destination for the five regions in which Brazil is divided grew exponentially, and of the 27 federal states, 21 saw their sales to China grow above the expansion of their sales to the world. In the period, however, the export basket was negatively concentrated around a few primary products.
Paraguay's foreign commerce of manufactured and agro-industrial goods reached US$ 3,383 million during the first eight months of 2022, with a clear predominance of Mercosur partners, points out the country's Ministry of Industry and Commerce.
Paraguayan exporters have decried over this weekend their latent concern about the Paraguay and Parana rivers' low levels which might affect the grain season in January and February if no improvement is recorded, it was reported in Asunción.
Argentina's foreign trade balance came out in the red in June of 2022 for the first time since 2018, it was reported in Buenos Aires by the National Institute of Statistics and Census (INDEC).
Foreign trade has meant around US $ 15 billion for Argentina's Central Bank (BCRA) in 2021, according to projections reported Monday in Buenos Aires. It became the fifth best surplus so far in the 21st century, despite November's US $ 117 million deficit, the first setback since 2018.
Brazil's beef exports plummeted during October as a consequence of the ban on purchases from its main client, China. Last October sales dropped to 82,180 tons compared to 162.880 a year ago, according to Secex, Brazil's foreign trade secretariat.
A top official from the Argentine Government spoke yet again against a bid from Brazil and Uruguay to make Mercosur more flexible and allow members to broker one-on-one deals with other countries or blocs.