In January, exports rose 21.9% over the same month the year before, up from the 15.9% expansion observed in December. The reading marked the 11th consecutive month of double-digit export growth. The January expansion corroborates the healthy state of the external sector, with exports gradually moving towards pre-crisis levels. In January, the moving 3-month sum in exports reached USD 16.9 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 corroborates the positive year-on-year result, as exports expanded 6.0% on a seasonally-adjusted basis, contrasting the 2.9% drop recorded in December. Meanwhile, imports grew 52.2% annually in January, rising even faster than the extraordinary 48.5% expansion recorded in December. Despite the strong growth in imports, the trade surplus rose from USD 241 million in December to USD 513 million in January. Amid the rapid rise in imports, the government ratified import limits at the beginning of February, affecting a range of goods, including consumer electronics and metal products among others. Importers will now need a special permit to bring these items in the country. According to Industry Minister Debora Giorgi, the measures are meant to protect the local market from ?unfair competition? and help foster local productions in the sectors covered by the barriers.
Argentina Trade Balance
Rising imports prompt government to set import barriers
February 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).