Argentina Trade Surplus Rises In June; Exceeds Expectation



Argentina's trade surplus increased more than expected in June as imports declined more than exports, a report from the National Institute of Statistics and Census showed Wednesday. The trade surplus came in at $1.37 billion in June, more than the $1.35 billion expected by economists and the $1.26 billion surplus in May. Exports fell 3 percent year-over-year to $7.39 million in July. Imports were at $6 billion in July, declining 6 percent year-over-year. On a year-on-year basis, the trade surplus rose 13 percent in July.

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