Argentina: Merchandise trade surplus narrows in October
Latest reading: In October, the trade balance was USD +0.8 billion, following a USD +0.9 billion figure in the prior month. Over the last 12 months, the trade balance summed to USD +9.8 billion.
Exports were up 13.1% in annual terms in October, coming on the back of 16.9% growth in the prior month. Agricultural and fuel exports saw double digit growth in October, with the former boosted by the temporary reduction in export duties. Imports were up 16.9% in year-on-year terms in October, coming on the back of a 20.4% increase in the previous month.