Exports fell by 25.6% in November and imports rose by 20.7%

The exchange rate gap increased from 150% to 80% in two months, marks the compass of Argentina’s trade balance. INDEC’s November data reveal that exports plunged by 25.6% against the same month last year, while imports rose by 20.7%. The gap between the wholesale dollar at 83 pesos and the informal one at 150 pesos explain these results: exporters postpone operations, expecting an exchange rate correction, while importers accelerate them.

Source: Clarín