Argentine 2013 trade surplus down 27%, helping with the dollar shortage

Friday, January 24th 2014 - 02:09 UTC

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Argentina's trade balance during 2013 left of surplus of 9.24 billion dollars, 27% less than in the previous year (12.42bn), according to the latest release from the official stats office, indec. Exports in the past year grew by 3% to reach a value of 83bn dollars, while imports rose by 8% and totaled just over 74bn. Read full article

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LEPRecon
According to INDEC the trade surplus is down 27%. So when we translate that into real figures it means that trade surplus is up by about 27%, probably due to all the LNG and oil that they've had to import.

They're not fooling anyone.
Jan 24th, 2014 - 06:26 am - Link - Report abuse 0
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Anglotino
Trade figures are harder to doctor because there is a corresponding figure from another country to balance it.

It is why China's suspect trade figures were so easy to see through

Mind you a 27% drop when your whole economy is geared to ensure a surplus is a major problem.
Jan 24th, 2014 - 07:20 am - Link - Report abuse 0
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Captain Poppy
Seems like stealing YFP worked out well for Argentina. Everything they've done thus far has backfired. Whether is was not paying them...which now they are to the debt default, which they are now negotiating the PC and ultimately will with the Singer group as well.

Seems they never took having to borrow into account when they decided to default. Bug Eyed Nestor must be chuckling in his grave.

Remember when Hussein was ousted and the people tore his statues and murals down? When the RG's reach their saturation point maybe they will dig Bug Eyed up up and burn him.
Jan 24th, 2014 - 10:24 am - Link - Report abuse 0
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