In March, exports expanded 1.9% over the same month last year, which was down from the 11.1% expansion seen in February and marked the lowest reading since February 2010. A month-on-month comparison paints an even bleaker picture than the one suggested by the annual figures, as exports contracted 1.5% on a seasonally adjusted basis, further down from February's 0.5% drop. Imports, meanwhile, fell 7.9% annually in March, which was down from February's 0.9% decrease and marked a second consecutive month of contracting imports. The figure reflects the lasting impact of government measures aimed at curbing import growth. However, as a result of moderating exports, the trade surplus shrank to USD 1.1 billion in March, down from the USD 1.3 billion surplus recorded in February.
Argentina Trade Balance
Exports moderate in March
April 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).