In June, exports contracted 10.3% over the same month last year, which was down from the 6.5% seen in May. The reading marks a third consecutive contraction and the largest drop since October 2009. A month-on-month comparison corroborates the bleak picture suggested by the annual figures, as exports dropped 1.6% on a seasonally adjusted basis, contrasting May's 2.6% increase. Imports, meanwhile, fell 11.6% annually in June, which was down from May's 5.2% decrease and marked a fifth consecutive month of contracting imports. The figure reflects the lasting impact of government measures aimed at curbing import growth. As a result, the trade balance recorded a surplus of USD 1.0 billion in June, which mirrored the result recorded in the same month last year.
Argentina Trade Balance
Exports contract for third consecutive month
July 23, 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).