In February, exports rose 33.2% over the same month the year before, up from the 21.9% expansion observed in January. The reading marked the 12th consecutive month of double-digit growth. The February expansion corroborates the healthy state of the external sector, with exports gradually ascending to pre-crisis levels. In February, the moving 3-month sum in exports reached USD 16.4 billion, which was still below the peak of USD 21.3 billion observed in September 2008, but well above the USD 11.9 billion trough recorded in February 2009. A month-on-month comparison corroborates the positive year-on-year result, as exports expanded 2.5% on a seasonally-adjusted basis, which was, nonetheless, down from the 6.3% increase recorded in January. Meanwhile, imports grew 38.9% annually in February, slowing from the 52.2% expansion recorded in January. As a consequence, the trade surplus widened from USD 513 million in January to USD 608 million in February.
Argentina Trade Balance
Soaring exports widen trade surplus in February
March 23, 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).