Relevamiento de Títulos de Deuda y Otros Pasivos Externos

These statistics are based on the information obtained in the Survey of Debt Securities and Other External Liabilities provided by Communication A3602 and complementary ones.

Executive Summary

Foreign obligations declared by the private sector totaled US$ 71,799 million as of September 30, 2015. Of this total, US$ 68,047 million corresponded to external debts of the non-financial private sector (NFPS) and US$ 3,751 million to commitments of the private financial sector (SPF).

The external liabilities of the private sector rose in quarterly terms by about US$ 190 million (mainly explained by the increase in NFPS debt) and year-on-year by about US$ 5,860 million.

The NFPS’ external commercial debt fell by US$ 622 million during the third quarter of 2015, basically due to the decrease in debt for advances and pre-financing of exports by US$ 768 million and the fall in liabilities for imports of goods by US$ 119 million, partially offset by the increase in debts for services by US$ 266 million. In contrast, financial debt registered an increase of US$ 805 million in the quarter, basically explained by the increase in liabilities for distributed and unpaid profits of about US$ 504 million.

External debt for advances and pre-financing of exports of goods fell by about US$ 768 million in the third quarter of 2015, reaching a stock of US$ 6,709 million, with a year-on-year increase of US$ 1,588 million. The quarterly drop is in
line with the seasonality in this type of debt in the oilseed and cereal sector companies, which usually reaches an annual peak in the second quarter. Liabilities for imports of goods reached a stock of US$ 24,996 million as of 30.09.15, registering net cancellations in the quarter of US$ 119 million and resulting in
a year-on-year increase of US$ 804 million. The quarterly fall was explained by the decrease in the debt for imports of the energy sector2 of about US$ 270 million and the chemical, rubber and plastic industry for US$ 151 million, partially offset by the increases in the debt of companies in the machinery and equipment sector and the automotive industry for US$ 195 million and US$ 141 million. respectively.

The foreign obligations declared by the NFPS for services closed the third quarter of 2015 at US$ 10,427 million, with an increase of US$ 266 million compared to the previous quarter and US$ 1,362 million year-on-year.

The NFPS’ external financial debt reached a stock of US$ 25,915 million at the end of the third quarter of 2015, experiencing a quarterly increase of US$ 805 million, basically explained by the increase of US$ 504 million in the stock of debt for profits and dividends, followed by the increase in the stock of financial loans by US$ 340 million and partially offset by the net cancellations of securities of US$ 36 million. The year-on-year increase in financial debt reached US$ 1,841 million.