The surplus fell to U.S. $ 1,300 million due to an increase in imports
Argentina, May 23, 2011
The National Institute of Statistics and Census showed data on the trade balance in April. A sharp increase in imports reduced the trade surplus to U.S. $ 1,300 million.
Argentine exports continued growing, although there was a decline in the pace. Revenues were achieved at U.S. $ 6.953 million, 12% more than in April 2010.
Meanwhile, the purchase of foreign products was increased by 31%, which contrasts severely with the moderate price increase (5%) they had.
So far this year, goods worth U.S. $ 24,057 million (annual increase of 25%) were exported, while goods worth U.S. $ 20,969 million were imported (an increase of 38%).
This leaves a surplus of $ 3.088 million so far this year, representing a decline of 24% compared to the amount of late April 2010.