In April, exports rose 11.8% over the same month the year before, which was below the 33.7% expansion observed in March. Despite the strong moderation, the reading marked the 14th consecutive month of double-digit growth. With the April expansion, exports continue to gradually ascend to pre-crisis levels. In April, the moving 3-month sum of exports reached USD 18.7 billion, which was still below the peak of USD 21.3 billion observed in September 2008, but well above the USD 11.9 billion trough recorded in February 2009. A month-on-month comparison does not corroborate the year-on-year result, as exports contracted 2.0% on a seasonally-adjusted basis, which contrasted the 1.6% increase recorded in March. Meanwhile, imports grew 37.8% annually in April, up from the 28.1% expansion registered in March. Finally, the trade surplus almost doubled, widening from USD 667 million in March to USD 1.3 billion in April.
Argentina Trade Balance
Exports remain buoyant in April
May 23, 2011
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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).