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12/23/09

Argentina exports up 1% YoY in November

For the first time this year, Argentine exports have posted a YoY monthly increase. Exports for November 2009 totalled U$4.934Bn, up from the U$4.894Bn posted for November 2008. Here's the overview chart of exports and imports for Argentina since January 2008.....


....and it's a similar shape to plenty of other regionals (Peru, Chile etc). Again, it goes to show that no matter what political or economic system you have in place, if your country relies on exports for growth you get screwed exactly the same way and then you come out of the hole at the same time.

Just don't tell Moody's, the IMF, dumbass LatAm biz reporters, dumbass op-ed writers etc etc etc