Argentina Trade Balance


Trade balance widens in 2012 amid import restrictions

In December, exports contracted 5.1% over the same month the previous year, marking the sixth consecutive monthly fall. The contraction represents a deterioration over the 2.0% drop tallied in November. As a result, in the full year 2012, exports contracted 3.3% over the previous year, which contrasted the stunning 23.1% expansion recorded in 2011.

Imports, meanwhile, dropped 8.7% annually in December, which marked a deterioration compared to November's 6.4% decline. In the full year 2012, imports contracted 7.3% (2011: +30.2%), reflecting the long lasting impact of government measures aimed at curbing import growth.

The trade balance registered a surplus of USD 529 million in December. As a result, the trade balance rose from the USD 10.0 billion surplus recorded in 2011 to a USD 12.7 billion surplus in 2012.

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Argentina Trade Balance Chart

Argentina Trade12m December 2012

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