Argentina: Exports decelerate in March
April 26, 2016
In March, exports expanded 1.6% over the same month last year, which was significantly below the 6.2% increase observed in the previous month. February’s reading had marked the best result since June 2013. April’s deceleration broadly reflected a contraction in industrial exports. On a monthly basis, March’s exports contracted 2.0% in seasonally-adjusted terms, which contrasted the 1.2% increase seen in the previous month.
Imports in March contracted 6.6% annually, which contrasted the 1.0% increase tallied in the previous month. The trade deficit totaled USD 0.27 billion in March, marking an improvement over the USD 0.70 billion deficit recorded in March 2014. In the 12 months up to March, the trade balance posted an accumulated deficit of USD 2.2 billion, which was an improvement over the USD 2.6 billion deficit reached during the 12 months up to February.
Author: Dirina Mançellari, Senior Economist