Macroeconomy/Finance

Argentina recorded the highest trade surplus in 10 years

Argentina closed 2019 with a trade surplus of $ 15.99 billion, the highest since 2009, according to the National Institute of Statistics and Census (Indec). Paradoxically, this was due to the deep economic crisis. The recession caused imports to fall by 25% year-on-year, while mega-devaluation increased exports by 5.4%. Analysts expect a similar result in 2020.

Source: BAE Negocios