Trade surplus grew 45% in the first semester and reached $8.09 billion

In the first half of 2020, Argentina recorded a trade surplus of $8.097 billion, which meant a growth of 44.8% compared to the same period but in 2019. Exports fell by 11% and imports collapsed by 23.3%, affected by the fall in economic activity. The decline in imports explained by a lower purchase of capital goods such as machines, electrical appliances, nuclear reactors, or mechanical devices, land vehicles and fuels. On the side of exports, the most significant fall verified in the sales of land vehicles.

Source: Ámbito