Trade surplus drops 50% to $585M dollars

A severe drop of exports led to a 50 percent drop in the trade surplus in October, reaching $585 million dollars, according to the Indec national statistics bureau.

The exports in October totalled $6.897 billion dollars, 8 percent lower than the volume registered during the same month last year, while imports reached $6.312 billion dollars, almost similar to October 2011.

The trade surplus has accumulated a 24 percent increase during the first ten months of the year, reaching $11.527 billion dollars. Exports currently hit $68.749 dollars, and imports, $57.222 billions.