Latest News:  

English>>Business

Argentina's trade surplus jumps in 2012

(Xinhua)

13:51, January 24, 2013

BUENOS AIRES, Jan. 23 (Xinhua) -- Argentina's trade surplus jumped 26.7 percent last year due to tightened restrictions on imports, according to official figures released Wednesday.

Trade surplus reached 12.69 billion U.S. dollars in 2012, higher than the 10.35 billion and 11.72 billion dollars posted respectively in 2011 and 2010, the National Institute of Statistics and Census (INDEC) said.

Exports fell 3 percent, while imports dropped 7 percent, according to the institute.

Some analysts attributed the big increase in surplus to tightened restrictions on imports imposed by the government, under which the purchase of foreign capital goods dropped 16 percent in 2012, and the import of intermediate goods fell 4 percent.

Argentina's trade with its largest trading parter, the Southern Common Market, accounted for about 28 percent in 2012, the INDEC said.

The bloc groups Brazil, Uruguay, Paraguay (currently suspended) and Venezuela.

We recommend:

Report on the rich in China released

Sales boosting measures for Spring Festival

1st express sleeper train starts operation

Top 10 most transparent multinational companies

Top Ten Economic Events in 2012

Beijing leads nation on rich list

Email|Print|Comments(Editor:厉振羽、梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. PLA hold actual-troop campaign exercise

  2. Carrier-based aircraft unit in tactical training

  3. The happiest places in the world

  4. Time to stop waste on dining table

  5. Photos: Amazing China in 1950s

  6. Building on bridge triggers debate

  7. Reviving the lost art of making silk parasols

  8. Backstreet Boys to start world tour

  9. Software maker shows its dexterity

  10. Celebrities gone wild!

Most Popular

Opinions

  1. Will Americans be fans of Chinese TV drama?
  2. US should not put new burden on itself
  3. The fiscal cliff and the 'gun cliff'
  4. New measurement may reshape Sino-U.S. trade ties
  5. Warning issued on global economy
  6. The 'artificialness' in Chinese movies
  7. China to ensure appearance of witnesses in court
  8. Competition about to heat up for public funds
  9. Huawei deserves a fair playing field in US

What’s happening in China

Going back home: A standing journey

  1. 'I lost my only child…'
  2. Can Chinese save face and save money?
  3. Overseas funding for nursing homes welcomed
  4. Police suspended amid official's property scandal
  5. Mummified bodies found in Beijing flat