Trade balance with Brazil shows a deficit of $700 million in 2020

The trade balance with Brazil showed a deficit of $700 million in 2020. A 26.1% collapse explained the deterioration in trade with the neighbouring country in exports, severely affected by a pandemic that hit the Brazilian economy and industry hard. As a result, Argentina’s share of Brazil’s imports in 2020 was the lowest since 2000, falling from six per cent to less than five per cent.

Source: Ámbito