Macroeconomy/Finance

Indec reports $1.02 billion trade balance surplus in January

Argentina National Institute of Statistics and Census (Indec) reported a trade surplus of $1.02 billion in January, from a surplus of $373 million a year earlier. Exports declined slightly to $4.55 billion in the month from $4.59 billion a year earlier, while imports fell to $3.53 billion from $4.21 billion in the same period. Trade (exports plus imports) decreased 8.% in relation to the same period of the previous year at $8.1 billion. Surplus was mainly due to the drop in imports and although exports registered a fall (0.8%), there was an increase in cereal exports, meat, edible offal, oilseeds and seeds, among others, Indec said.

Source: El Economista