Argentina: Exports accelerated in February
April 9, 2016
In February, exports expanded 6.7% over the same month last year, which was significantly above the 1.3% increase observed in the previous month and marked the best result since June 2013. February’s increase reflected expansions in agricultural exports. On a monthly basis, February’s exports expanded 1.6% in seasonally-adjusted terms, which was well below the 27.4% increase seen in January.
Imports in February expanded 0.7% annually, which contrasted the 3.8% decrease tallied in the previous month. The trade deficit totaled USD 0.10 billion in February, marking an improvement over the USD 0.13 billion deficit recorded in February 2014. In the 12 months up to February, the trade balance posted an accumulated deficit of USD 2.6 billion, which was up from the USD 2.8 billion deficit reached during the 12 months up to January.
Author: Dirina Mançellari, Senior Economist