Argentina is heading for third consecutive year of trade surplus above 3% of GDP

With a 10-month accumulated trade balance of US$13.9 billion and with exports that will continue to grow above imports in the remainder of the year, 2021 would close with an estimated trade surplus of US$16 billion, equivalent to 3.4% of GDP.

RIO DE JANEIRO, BRAZIL - The November commercial balance maintained the dynamics of previous months and showed a surplus balance of US$ 1.601 billion in October (+US$ 931 million over October 2020).

This was the result of exports that reached US$6.848 billion (+46.5% y.y.) and exceeded imports, which reached US$5.247 billion (+31% y.y.). In turn, trade exchange increased by 39.4% compared to October 2020 and reached US$12.095 billion.

According to the consulting firm ABECEB, Argentina would achieve a trade surplus equivalent to 3.4% of GDP with these figures.

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