Trade surplus drops 11% in 2011

The trade surplus in 2011 gained 10.347 billion dollars, and showed a 11 percent decrease compared to the volume registered in the same period last year, the Indec national statistics bureau.

The total exports reached 84.269 billion dollars against the 73.922 billion dollars gained in imports. This represents a 24 percent increase in exports, and 31 percent in imports compared to the same period in 2010.

Meanwhile, the surplus reached 280 million dollars in December, gained 137 percent against the same month in 2010.

The exports totalled 6.269 billion dollars and the imports increased to 5.989 billion dollars.

The sectors which increased the most in exports were: Cereals, Oil, Transport materials, Chemical products. While the ones that registered most gains in imports were: Oil and lubricants, passenger vehicles and accessories for capital goods.