Argentina posts trade deficit of $847 mln in December

By Kitco News / January 23, 2018 / www.kitco.com / Article Link

BUENOS AIRES, Jan 23 (Reuters) - Argentina posted an $847 million trade deficit in December, government statistics agency Indec said on Tuesday, compared with a deficit of $1.5 billion in November and a surplus of $33 million in December 2016.

For full-year 2017, Latin America's No. 3 economy posted an $8.5 billion trade deficit, compared with a $2 billion surplus in 2016. Total imports grew 19.7 percent to $67 billion on the back of an economic recovery and President Mauricio Macri's trade liberalization efforts, while exports grew just 0.9 percent to $58 billion due partly to a strong peso currency.


(Reporting by Luc Cohen Editing by Chizu Nomiyama)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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