Argentina’s economy shows signs of strength as it marks eleven straight months of trade surplus, of $15.955 billion. October saw a trade surplus of $888 million. Exports rose by 30 percent, while imports increased by 4.9 percent. Agricultural manufacturing exports led the growth with a 69.7 percent increase. Industrial products followed with a 22.4 percent rise. Brazil, China, Chile, the United States, India, and Vietnam are Argentina’s main export destinations. China, in particular, has become a key trade partner. Exports to China have increased by 16.3 percent this year. The Asian giant now accounts for 8.1 percent of Argentina’s total exports.
November 21, 2024
SOURCE: RIO TIMES
Argentina’s 11-Month Trade Surplus Streak Hits $15.9 Billion