Argentina: Exports contract less in September
November 6, 2015
In September, exports declined 6.7% over the same month last year, which represented a milder contraction compared to the 16.0% drop seen in the previous month. September’s decline reflected contractions in manufacturing and energy exports. On a monthly basis, September’s exports expanded 5.9% in seasonally-adjusted terms, which contrasted the 4.0% drop seen in the previous month.
In addition, imports in September expanded 0.9% annually, which contrasted the 2.6% drop seen in August. The trade surplus totaled USD 0.07 billion in September, marking a deterioration over the USD 0.52 billion surplus recorded in September 2014. In the 12 months up to September, the trade balance posted an accumulated surplus of USD 2.6 billion, which was down from the USD 3.0 billion surplus reached during the 12 months up to August.
Author: Dirina Mançellari, Senior Economist