Argentina: Merchandise exports rise in October
Merchandise exports rose 15.1% over the same month last year in October (September: -0.7% year-on-year). Octobers figure marked the sharpest increase since June. Meanwhile, merchandise imports jumped 15.8% over the same month last year in October (September: +21.3% yoy), marking the weakest reading since January 2021.
As a result, the merchandise trade balance improved from the previous month, recording a USD 1.8 billion surplus in October (September 2022: USD 0.4 billion surplus; October 2021: USD 1.6 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 5.2 billion surplus in October, compared to the USD 5.0 billion surplus in September.