Trade surplus plunges 12.8% in May

The trade surplus dropped 12.8 percent compared to the same month in 2010 and reached 1.68 billion dollars, according to the Indec national statistics bureau.

The official report stated that during May the exports increased 24 percent and reached 8.043 billion dollars, while the imports soared 39 percent and totalled 6.363 billion dollars.

In the first five months of the year, the country accumulated a trade surplus of 4.768 billion dollars.

Last year, it had reached 12.057 billion dollars with exports of 68.500 billion dollars.

The government expects a trade surplus of 9.868 billion dollars in 2011.