Argentina: Exports contract in September
October 25, 2016
In September, Argentinian exports contracted 2.4% from the same month last year, which contrasted the 12.2% increase seen in August. September’s deterioration reflected sharp decreases in exports of primary products. On a monthly basis, exports decreased 7.1% in seasonally-adjusted terms, which contrasted the 12.3% drop observed in the previous month.
Imports contracted 15.2% annually in September. This was a steeper decrease than the 7.1% drop in August. The trade surplus totaled USD 0.36 billion in September, marking an improvement over the USD 0.36 billion shortfall recorded in September 2015. In the 12 months up to September, the trade balance posted an accumulated surplus of USD 0.4 billion, which was an improvement from the USD 0.4 billion deficit recorded in the 12 months up to August.
Author: Dirina Mançellari, Senior Economist