Bloomberg News

Argentina Trade Surplus Rose to $634 Million in November

December 21, 2012

Argentina’s trade surplus was $634 million in November compared with $364 million in the same month last year, the national statistics institute said.

The median estimate of 10 economists surveyed by Bloomberg was for a surplus of $365 million.

Exports fell 2 percent from a year earlier to $6.46 billion, while imports fell 6 percent to $5.83 billion over the same period, the agency said in Buenos Aires today.

Earlier this month, Argentina filed complaints with the World Trade Organization against the U.S. for blocking imports of beef and lemons and against the European Union for restricting biodiesel imports.

South America’s second-biggest economy is considering an additional complaint against Europe’s agriculture subsidies as they affect the country’s exports and output, Foreign Minister Hector Timerman told reporters on Dec. 5 in Buenos Aires.

To contact the reporter on this story: Silvia Martinez in Buenos Aires at smartinez19@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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