The external debt of the private sector totaled USD 78,091 million as of 09/30,21, registering a quarterly fall of USD 2,679 million. This decrease was explained by both commercial debt (reduction of USD 1,919 million) and financial debt (net cancellations of USD 759 million).
The external debt for exports of goods totaled USD 6,229 million as of 30.09.21, showing a fall of USD 1,259 million compared to the previous quarter, basically explained by the “Manufacture of food products” sector, with a decrease of USD 912 million.
For its part, the external debt for imports of goods reached a stock of USD 21,760 million in the third quarter of 2021 with a fall of USD 991 million compared to the end of the previous quarter.
External debt for services registered an increase of USD 331 million compared to the previous quarter, reaching USD 8,555 million as of 09/30/21.
The external financial debt of the private sector stood at USD 41,546 million as of 09/30/21, with net cancellations of USD 760 million in the quarter, mainly explained by the net cancellation of financial loans for USD 549 million and debt securities for USD 250 million. Additionally, the other financial debt showed an increase of USD 40 million.
As of 09.16.20, through Communication “A” 7106, in line with the efforts made by the National Government and after having successfully completed the process of restructuring the sovereign debt in foreign currency, the BCRA established the guidelines under which private sector companies could initiate a process of refinancing their financial debts abroad and/or local debt securities denominated in foreign currency. that would allow it to accommodate its maturity profile to the guidelines required for the normal functioning of the foreign exchange market. In this context, the renegotiations registered during the third quarter of 2021 of some 25 companies had an impact on lower net purchases in the foreign exchange market of about USD 500 million compared to the original maturities for that same period.
