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.

USA decision jeopardises Argentine trade benefits

The U.S. Department of Commerce has decided to remove Argentina and other 24 countries of their list of developing countries, which may restrict trade benefits granted to nations in this category. According to Argentine Foreign Ministry sources, the measure "still has no direct consequences" and the Embassy in Washington will continue to monitor the issue.

The trade deficit with the US fell 23% and 70% with China in 2019

The trade deficit with the United States fell 22.5% in 2019 (from $ 5.314 billion in 2018 to $ 3.589 billion), because Argentina imported almost $ 1.9 billion less, according to official data from Washington. The fall of the bilateral deficit with China reached 70% ($ 2.2 billion against $ 7.6 billion in 2018), according to the Argentine Chamber of Exporters. In December, 32.7% of Argentine exports went to China, Brazil and the US, while 52.3% of imports came from those three countries, according to Indec.

Trade balance with Brazil records $20 million deficit in January

Argentina bilateral trade with Brazil registered a negative balance of $20 million in January, according to data from the Ministry of Development, Industry and Foreign Trade of Brazil. Argentine exports totalled $ 662 million (-16.5% year-on-year), while imports $ 680 million (-0.3%). In January 2019, Argentina had registered a surplus of $120 million

Mergers of more than $66.3mm will need government approval

All merger or acquisition of companies that involve a market concentration and whose turnover exceeds ARG$4 billion ($66.3 million), must have prior authorisation from the Secretary of Domestic Trade, according to a resolution published in the Official Gazette. This is due to an update of 53.8% of the so-called "Mobile Unit" which in 2019 was ARG $ 26.40.