Argentina National Institute of statistics published 16 July reported that the international financial crisis and the impact of the measures restricting imports and exports of Argentina in the first half of this year and imports respectively over the same period last year fell by 19% and 38%.
The report pointed out that this year the first 6 months of Argentina's exports and imports respectively 272.5 billion and 173.89 billion, compared to the same period last year and are a more substantial decline. However, due to imports drop more, so the first half of Argentina's trade surplus reaches 98.61 billion trade surplus in the same period last year to $ 51.2 million.
Argentina production Minister Debora · George said, the world's major export country, Argentina this year's exports declined. And statistics, Argentina exports drop is narrowed in the month after month. In June of this year's exports of Argentina reached 51.61 billion, an declined 5%, with exports of agricultural products and the same period last year also increased by 30%.
George also pointed out that imports caused a sharp decline in the first half of this year due to Argentina. In addition to the domestic market demand and the Government adopted a series of restrictions on imports, the financial crisis has caused many to lower prices of imported products and is also one of the reasons for the decline in imports.
From trade objects, the southern common market (MERCOSUR) most Member States still is Argentina major trading partners. This year the first 6 months of the MERCOSUR countries in Argentina exports and imports of specific gravity are 22% and 34%. It is followed, the proportion of EU countries are 18% and 17%.
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