In October, exports rose 22.4% over the same month last year, which was almost half the 41.1% expansion observed in September. However, the reading marked the eighth consecutive month of double-digit growth in exports. The October expansion corroborates the healthy state of the external sector, with export figures gradually moving towards pre-crisis levels. In October, the moving 3-month sum in exports reached USD 18.7 billion, which was still below the peak of USD 21.3 billion observed in September 2008 but well above the through recorded in February 2009 (USD 11.9 billion). However, a month-on-month comparison does not corroborate the positive monthly result, as exports contracted 2.6% on a seasonally-adjusted basis, contrasting the 4.8% expansion recorded in September. The figure marked the first negative month-on-month reading in since July. Meanwhile, imports grew 35.5% annually in October, which was down from the 45.5% expansion recorded in September. As a result of imports growing at a faster rate than exports, in October, the trade surplus narrowed to USD 931 million, after remaining at USD 1.1 billion over the two previous months.
Argentina Trade Balance
Trade surplus narrows in October
November 23, 2010
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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).