Argentina accumulates 10-month trade deficit with Brazil of US$ 510 million, same as pre-pandemic

As a result of the worst drought in Brazil in 90 years, which affected its hydroelectric generation, Argentine exports of electric energy to the neighboring country increased, and at high prices, totaling US$ 670 million so far this year

RIO DE JANEIRO, BRAZIL - Argentina recorded in the first ten months of the current year a cumulative trade deficit of US$510 million, in line with the levels of 2019, before the pandemic, when a deficit of US$498 million was recorded, according to the consulting firm Abeceb, based on data surveyed by the Brazilian Ministry of Development, Industry and Foreign Trade.

Meanwhile, the country had a positive balance of US$92 million in October. In that framework, Argentine exports to Brazil totaled US$1.218 billion, with an improvement of 50.7% year-on-year, the highest level since . . .

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