Argentine Export Boom: Just months after teetering...
Argentine Export Boom: Just months after teetering on the edge of financial crisis, Argentina is undergoing an export boom, Economy Minister Domingo Cavallo said. According to preliminary figures, Argentina had a $300-million trade surplus in April and a $40-million surplus in March, Cavallo said. This marks a dramatic turnaround for Argentina, whose hunger for exports left it with a $5.8-billion deficit in 1994. Much of this year’s improved export performance came from a surge in agricultural and meat sales, Cavallo said. In January and February, Argentina’s trade deficit fell 52.3% compared to the same months in 1994.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.