In June, exports rose 24.4% over the same month the year before, which was above the 23.7% expansion observed in May and marked the 15th consecutive month of double-digit export growth. With the June reading, exports surpassed pre-crisis levels for the first time. In June, the moving 3-month sum of exports reached USD 22.9 billion, which was above the USD 21.3 billion peak reached in September 2008. In February 2009, exports had reached a trough of USD 11.9 billion. A month-on-month comparison corroborates the positive annual result, as exports expanded 2.8% on a seasonally-adjusted basis, which was nonetheless below the 7.5% increase recorded in May. Meanwhile, imports grew 36.5% annually in June, down from the 39.1% expansion registered in May. Despite the pick-up in exports, the trade surplus narrowed from USD 1.7 billion in May to USD 1.0 billion in June.
Argentina Trade Balance
Exports rise above pre-crisis peak
July 22, 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).