Argentine trade surplus shrinks 22% in July as imports outpace exports

Wednesday, August 24th 2011 - 06:40 UTC

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Argentina's trade surplus shrank 22% in July from a year earlier to 672 million dollars as import growth continued to outpace exports, the government said on Tuesday. The trade surplus totalled 861 million dollars in July 2010. Read full article

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Teaboy2
”Fuel and lubricant imports jumped 102% in July from a year earlier, responding to heightened energy demand during the southern hemisphere's winter. These purchases included diesel, liquefied natural gas (LNG), fuel oil and electricity.”

Well considering all those things with the exception of liquid gas, unless its gas collected from oil wells, are produced from oil then am not surprised they are having to import such products.

I hear the falklands has oil perhaps argentina could do a deal with them to get cheaper oil products, oh but that would mean recgonising the FIG governement - Chuckle Chuckle ;-)
Aug 24th, 2011 - 09:05 am - Link - Report abuse 0
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