Trade surplus doubles in August after import controls

Trade surplus doubled in August and reached $1.628 billion dollars, after the seventh consecutive month of import controls, according to the Indec national statistics bureau.

The exports registered a 6 percent drop during the eighth month of the year against the same month in 2011, and totalled $7.952 billion dollars.

Meanwhile, the imports fell 17 percent year-on-year, reaching $6.324 billions.

"The imports value was 17 percent lower than during the same month in 2011, and the drop was registered in all the sectors," the official index agency stated.

During the first eight months of the year, the trade surplus reached $10.031 billion dollars, 38 percent higher than the one registered during the same period in 2011.