In October, exports contracted 7.6% over the same month last year, marking the third consecutive monthly fall. The contraction, nonetheless, represents an improvement over the 12.4% drop tallied in September. As a result of the monthly reading, in the 12 months up to October, exports declined 1.0% over the same period the previous year (September: +1.6% year-on-year). Imports, meanwhile, rose 0.1% annually in October, which contrasted September's 14.3% decrease. The result marked the first increase in imports following eight consecutive month of contraction, on the back of government measures aimed at curbing import growth. Despite the monthly rise, the moving 12-month sum of imports dropped 4.5% in annual terms (September: -2.7% yoy). The trade balance registered a surplus of USD 585 million in October, which prompted the 12-month moving sum of the trade balance to fall from a USD 82.2 billion surplus in September to a USD 81.7 billion surplus.
Argentina Trade Balance
Exports contracts for third consecutive month
November 22, 2012
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Argentina Trade Balance Chart
Argentina Economic News
October 4, 2016
At its weekly meeting on 4 October, the Central Bank of the Argentine Republic (BCRA) decided to keep the 35-day Lebac interest rate unchanged at 26.75%, matching the previous week’s decision.
September 30, 2016
In August, industrial production contracted 5.7% over the same month of the previous year, according to the latest data released by the National Statistical Institute (INDEC).
September 28, 2016
In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) declined 5.9% year-on-year, which was below the 4.7% fall in June and represented the steepest contraction since July 2009.
September 28, 2016
In August, exports expanded 12.0% over the same month last year, which contrasted the 10.8% decrease seen in July and marked the highest reading since May 2013.
September 26, 2016
In August, consumer prices in the greater Buenos Aires capital area increased 0.2% over the previous month, according to recent data published by the National Statistics Institute (INDEC).