*Argentina’s national statistics institute (Indec) has released new figures showing that the country registered a trade surplus of US$888m in October. This is down from the surplus of US$981m in September and marks the second consecutive month in which a monthly decrease was registered, but the latest surplus contrasts with a deficit of US$442m in October 2023. The total export value in October 2024 came to US$7.02bn, up 30.0% year-on-year, while the import value came to US$6.13bn, up 4.9% in yearly terms. The product category which registered the highest yearly rise in export value in October was manufactured agricultural products, posting a monthly export value of US$2.87bn, up 69.7% from October last year. Argentina’s top export destination in October was Brazil, where exports came to US$1.3bn, up 23.5% in yearly terms. Brazil was also the country from which Argentina imported the most in October, with a monthly import value of US$1.56bn, up 25.9% compared with October 2023.
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LatinNews Daily - 21 November 2024
In brief: Argentina’s trade surplus registers second monthly drop
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