In May, exports rose 23.7% over the same month the year before, which was above the 12.0% expansion observed in April and marked the 14th consecutive month of double-digit growth in exports. With the May reading, exports rose to pre-crisis levels. In May, the moving 3-month sum of exports reached USD 21.3 billion, matching the September 2008 peak. A month-on-month comparison corroborates the year-on-year result, as exports expanded 7.4% on a seasonally-adjusted basis, which contrasted the 1.9% drop recorded in April. Meanwhile, imports grew 39.1% annually in May, up from the 37.8% expansion registered in April. As a consequence of booming exports, the trade surplus widened from USD 1.3 billion in April to USD 1.7 billion in May.
Argentina Trade Balance
Exports rise to pre-crisis peak in May
June 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).