In April, exports contracted 6.5% over the same month last year, which contrasted the 1.9% expansion seen in March and marked the first contraction since November 2009. A month-on-month comparison corroborates the bleak picture suggested by the annual figures, as exports contracted 6.6% on a seasonally adjusted basis, further down from March's 1.8% drop and marking the largest contraction since October 2010. Imports, meanwhile, fell 14.1% annually in April, which was further down from March's 7.8% decrease and marked a third consecutive month of contracting imports, in addition to representing the largest contraction since October 2009. The figure reflects the lasting impact of government measures aimed at curbing import growth. As a result of the contraction in imports, the trade surplus widened to USD 1.8 billion in April, which was up from the USD 1.1 billion surplus recorded in March and constitutes the largest surplus since May 2010.
Argentina Trade Balance
Trade surplus widens in April
May 22, 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).