Argentina Trade Surplus Continues To Narrow

Argentina’s trade surplus continued to narrow in February, down 3% year-on-year to $720 million. According to national statistics bureau INDEC, imports rose 20% to $2.8 billion against exports of $3.5 billion, up 14%. This is now the second month the trade surplus has narrowed. Last month it contracted by 50% to $418 million from $838 million in January 2005.