In August, exports dropped 5.5% over the same month last year, which contrasted the 1.8% increase seen in July and marked the fourth contraction in the last five months. A month-on-month comparison corroborates the deterioration suggested by the annual figures, as exports fell a seasonally adjusted 0.3%, contrasting July's 8.2% rise. Imports, meanwhile, plummeted 17.0% annually in August, which was down from July's 4.2% decrease and marked the seventh consecutive month of contracting imports. The figure, which represents the largest drop in imports in almost three years, reflects the lasting impact of government measures aimed at curbing import growth. As a result, the trade balance recorded a surplus of USD 1.6 billion in August, which was twice the USD 800 million surplus seen in the same month last year.
Argentina Trade Balance
Trade surplus widens amid largest imports drop in almost three years
September 24, 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).