Argentina: Trade surplus plummets

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Argentina Trade Surplus Plunged 95% on Year in March Broad Decline in Commodities, Manufactured Goods Exports Led to Drop Exports fell 16% on the year to $5.25 billion in March, led by a plunge in grain and soybean exports. Shipments of industrial products like cars also fell as sluggish growth in neighboring Brazil trimmed demand for Argentine manufactured goods. Imports decreased 4% to $5.21 billion, led by declines in consumer goods and spare parts, according to preliminary data published by the national statistics agency Indec. . . .

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