Macroeconomy/Finance

The trade surplus was $1.47 billion

Argentina’s trade balance returned to a favourable balance of $1.47 billion in July, although with a sharp drop in exports and especially in imports, according to the National Institute of Statistics and Censuses (INDEC) on Tuesday. In the seventh month of the year, exports totalled $4.9 billion, which represented an interannual decrease of 16.3%, while imports totalled $3.43 billion, 30.1% less than the same month last year.

Source: Ámbito

Categories: Macroeconomy/Finance