MercoPress. South Atlantic News Agency
A billion dollars trade surplus for Argentina in July; Mercosur main partner
Argentina’s trade surplus reached 1.014 billion dollars in July, which is 54% higher than the same month a year ago. Exports totalled 7.4 billion and imports 6.37bn according to the latest release from the official stats office, Indec. Read full article
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Disclaimer & comment rulesThat'll be paying off some more debts, will it? Only an estimated US$80.5 billion to go.
Aug 23rd, 2012 - 11:46 am - Link - Report abuse 0“The increase in exports in July was the result of greater sales of commodities and to a lesser extent manufactured goods of farm origin, According to Indec farm origin manufactured goods represented 34% of exports; industrial goods 32%; commodities, 26% and different fuels, 8%.”
Aug 23rd, 2012 - 12:17 pm - Link - Report abuse 0We shall see how long this will last. The USA is changing bio fuel requirements from soy to sorghuem, farm equipment is not long being imported.....as for commodies, it all goes back to farm products for Argentina.
The current rains in Argentina will most likely be followed by drought. I am looking forward to the September report.
Great news, well done Cristina =)
Aug 23rd, 2012 - 12:53 pm - Link - Report abuse 0“according to the release from the official stats office, Indec”.
Aug 23rd, 2012 - 01:42 pm - Link - Report abuse 03 British_Kirchnerist (#)
Aug 23rd, 2012 - 02:29 pm - Link - Report abuse 0”Great news, well done Cristina =)”
Sorry, I don't see what she is to be congratulated on. It is the farmers who should be congratulated, they produced 60% of the profit!!!!!
Simon
Aug 23rd, 2012 - 02:33 pm - Link - Report abuse 0Isn't that true for every country on the planet? Or do you think the official numbers of, lets say USA, are originated on their government slipping into the working clothes and produce everything themselves?
When you tatally restrict importsm and exports continue unimpeded, naturally a surplus will exist in the short run. But again Dutch disease is a pandemic in Argentina. And without imports of farm equipment and other machinery it is difficult to see how even farm exports will keep up. The only way to continue a surplus in the future with imports being eliminated, thus restricting further production is to devalue the peso.
Aug 23rd, 2012 - 03:04 pm - Link - Report abuse 0I believe Simon's point is that manufacturing was nowhere in the equatation. Not that farmers should literally be congratulated.
#6 =)
Aug 23rd, 2012 - 04:38 pm - Link - Report abuse 0@ 7
Aug 23rd, 2012 - 08:02 pm - Link - Report abuse 0AGCO the largest agricultural company, Italian Fiat and John Deere makes most of the farming equipment in Argentina....The internet is the fastest instructor to all!
John Deere and American company of which I own their stock. They are having trouble with production!!!
Aug 23rd, 2012 - 09:25 pm - Link - Report abuse 0Finally something good for Argentina.
Aug 24th, 2012 - 12:00 am - Link - Report abuse 0@10
Aug 24th, 2012 - 02:28 am - Link - Report abuse 0so you are broke...like the USA Debt Clock...tic tic tic
Yawn!!!!!!!!!!!!!
Aug 24th, 2012 - 11:35 am - Link - Report abuse 0@13
Aug 24th, 2012 - 07:54 pm - Link - Report abuse 0Is the best you can do!
For you.....yes
Aug 24th, 2012 - 09:21 pm - Link - Report abuse 0@15
Aug 27th, 2012 - 09:29 pm - Link - Report abuse 0for all....you old stinky fart, fat, with high blood pressure with warts on you chest....impotent....yaaaakkkkkkkk
sussie Have you no self respect,dignity or shame with the sophomoric and juvenile statement you type? Between all your names you are but the same in your words. You have no pride whatsoever. I hope they do not pay you in pesos to relinquish your intelligence.
Aug 29th, 2012 - 11:40 pm - Link - Report abuse 0This is a short gain then the big drop will come due to the imports restriction that give the value added to exports this is unsustainable.
Sep 01st, 2012 - 10:26 pm - Link - Report abuse 0Commenting for this story is now closed.
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