Argentina: Exports rebound in January
March 9, 2016
In January, exports expanded 2.3% over the same month last year, which significantly contrasted the 24.1% decrease observed in the previous month and marked the best result since June 2013. January’s increase reflected expansions in agricultural exports. On a monthly basis, January’s exports expanded 29.7% in seasonally-adjusted terms, which contrasted the 11.3% decrease seen in the previous month.
Imports in January contracted 3.8% annually, which contrasted the 0.8% increase tallied in the previous month. The trade deficit totaled USD 0.16 billion in January, marking an improvement over the USD 0.41 billion deficit recorded in January 2014. In the 12 months up to January, the trade balance posted an accumulated deficit of USD 2.8 billion, which was up from the USD 3.0 billion deficit reached during the 12 months up to December.
Author: Dirina Mançellari, Senior Economist