November 29, 2014
Balance of trade surplus shrinks 88% to 35m
Argentina’s balance of trade in January unveiled a small surplus of 35 million dollars, which represents a decrease of 88 percent comparing the same period in 2013.
According to the Federal statistics bureau Indec, exports reached 5,3 billion dollars; a retraction of 8 percent, compared to the same month last year, while imports hit 5.1 billion, a downfall equal 4 percent, compared to January 2013.
The federal agency also informed that the economy grew at a 4,9 percent rate last year, while it fell 3% in January compared to January 2013.