Argentina: Merchandise exports fall at a slower rate in November
Merchandise exports sank 31.6% annually in November, following October’s 32.2% plummet. Meanwhile, merchandise imports fell 4.8% in annual terms in November (October: -3.9% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.6 billion shortfall in November (October 2023: USD 0.4 billion deficit; November 2022: USD 1.4 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 6.9 billion deficit in November, compared to the USD 4.9 billion deficit in October.