Argentina’s trade balance totaled a $2.059 billion surplus in March, according to INDEC, the country’s statistical institute, with the result reflecting a sharp decline of imports and a two-digit increase in exports.
Argentina currently faces a difficult economic situation, with high inflation rate and shortage of foreign currencies, but since December 2023, it held four consecutive months of commercial surplus, accumulating $5.271 billion during the period.
In March, the country’s exports have reached $6.394 billion, 11.4 percent more on yearly basis, while the imports declined by 36.7 percent to $4.335 billion.
For the total of the year, INDEC expects a surplus of $18 billion, with exports increasing on yearly basis by 22 percent to $81 billion and imports declining by 14 percent to $63 billion, reflecting for exports a low basis of comparison to 2023, and for imports the current economic recession, coupled with a higher quotation of the American Dollar.
