Why Argentina’s Export Boom Is Falling Short
Government policy, macroeconomic trouble and political crisis are holding the country back.
BUENOS AIRES — Times are good in the agriculture-led Argentine export sector. The country’s exports reached $35.9 billion in the period from January through May, up 26.6% from the same period a year ago. Trading terms overall are currently the best in decades for Argentina, according to data from its National Statistics Agency. But they could be much better. Most of the increase in exports is thanks to a rise in prices for Argentine products (by 22.6%), rather than a genuine increase in output that could be sustainable over time. Trade volumes remained largely even, with an increase...
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