In July, Argentina posted a significant trade surplus of $1.575 billion. This result stemmed from exports increasing by 19.2% and imports decreasing by 16.5% compared to last year.Consequently, the country’s total trade slightly grew by 0.4%, reaching $12.867 billion.The import decrease correlates with recent economic slowdowns triggered by government actions to control inflation. Industrial activity in Argentina also fell by 11.2% in June from the previous year. This downturn marks the fourteenth consecutive month of decline, intensifying since March.
August 20, 2024
SOURCE: RIO TIMES
MORE COVERAGE:
Argentina Achieves $1.5 Billion Trade Surplus Amid Export Boom