TryGOLD- Free

Argentina Rebounds: Record USD 888M Trade Surplus Marks Economic Turnaround
Business Today Sri Lanka|December 2024
In October 2024, Argentina recorded a remarkable trade surplus of USD 888 million, marking a significant recovery from the USD 442 million trade deficit in October 2023. This shift in trade dynamics underscores Argentina's economic resilience and the effectiveness of recent policy measures aimed at bolstering exports and managing imports.
Argentina Rebounds: Record USD 888M Trade Surplus Marks Economic Turnaround

Drivers of Export Growth

Exports soared by 30 percent yearon-year, reaching USD 6,934 million. This growth was driven by robust performance in key sectors:

■ Agriculture: Agricultural exports surged by 47.8 percent, showcasing Argentina's strength as a global supplier of grains, oilseeds, and other raw materials. Favorable weather conditions and increased global demand played a crucial role.

■ Manufactured Goods: Exports of manufactured products grew by 27 percent, reflecting improved industrial productivity and competitiveness in international markets.

■ Energy and Fuels: A 33.5 percent increase in the export of fuels and energy highlighted the growing importance of the energy sector in Argentina's trade portfolio.

Controlled Import Growth

Imports grew modestly by 4.9 percent, reaching USD 5,954 million. This controlled growth reflects both the government's strategic import management and reduced domestic demand due to tighter economic conditions. Key changes in import categories included:

■ A significant decline in capital goods (-37.6 percent) and accessories for capital goods (-31 percent), suggesting businesses are scaling back investments in machinery and equipment.

This story is from the December 2024 edition of Business Today Sri Lanka.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 2024 edition of Business Today Sri Lanka.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS TODAY SRI LANKAView All
India leads the World in Business Trust, Surpassing the United States and Europe by 30 percent
Business Today Sri Lanka

India leads the World in Business Trust, Surpassing the United States and Europe by 30 percent

While the United States boasts the world's largest and most valuable companies in technology, finance, and healthcare, Japan shines as a leader in automotive, electronics, and industrial manufacturing, and Germany is known for engineering, automotive, and industrial manufacturing excellence, none of these countries come close to India when it comes to business trust.

time-read
2 mins  |
January 2025
Sri Lanka Ready to Open Markets for India: President Anura Kumara Dissanayake at the India-Sri Lanka Business Forum
Business Today Sri Lanka

Sri Lanka Ready to Open Markets for India: President Anura Kumara Dissanayake at the India-Sri Lanka Business Forum

President of Sri Lanka, Anura Kumara Dissanayake, and Piyush Goyal, Minister of Commerce & Industry, Government of India, addressed the India-Sri Lanka Business Forum in New Delhi. The event, held during President Dissanayake's State Visit to India, brought together key stakeholders to explore opportunities for economic collaboration and investment between the two nations.

time-read
1 min  |
January 2025
China's Women in Charge
Business Today Sri Lanka

China's Women in Charge

The document titled \"China's T FINN Women in Charge\" by ILTM Asia Pacific in collaboration with Partners provides a comprehensive analysis of the travel preferences and behaviors of affluent female Chinese travelers. This study highlights significant trends shaping the luxury travel market in China, driven by the preferences and priorities of wealthy, independent women.

time-read
5 mins  |
January 2025
People's Leasing & Finance Delivers Exceptional 42.4 Percent Profit Growth for First Half FY 2024/25
Business Today Sri Lanka

People's Leasing & Finance Delivers Exceptional 42.4 Percent Profit Growth for First Half FY 2024/25

People's Leasing & Finance has once again strengthened its reputation as one of Sri Lanka's leading Non-Banking Financial services providers, delivering an impressive financial performance for the first six months of FY 2024/25, ending September 30, 2024.

time-read
2 mins  |
January 2025
Leading Idea Group to New Heights
Business Today Sri Lanka

Leading Idea Group to New Heights

In March 2024, Dilhani Weerarathna rejoined Idea Group as its CEO during a challenging period. Her leadership has been pivotal in placing the company on a sustainable growth trajectory. Her entrepreneurial spirit, unyielding determination, and deep commitment shaped her remarkable journey from accounts executive to CEO. Today, under her guidance, Idea Group is on the path to achieving long-term success and expansion. Speaking with Business Today, Dilhani Weerarathna said that Idea Group has demonstrated the power of positive thinking, innovation, and hands-on leadership. With her vision and unwavering commitment, Idea Group is well on its way to becoming a leading player in Sri Lanka's construction industry, poised for even greater success in the future.

time-read
10+ mins  |
January 2025
Vallibel Finance: Surpassing Rupees 100 Billion Milestone
Business Today Sri Lanka

Vallibel Finance: Surpassing Rupees 100 Billion Milestone

Vallibel Finance, a prime example of rapid growth and dynamism, has recently surpassed a milestone by achieving over 100 billion rupees in assets.

time-read
2 mins  |
January 2025
SoftBank's USD 100 Billion Investment in the U.S.
Business Today Sri Lanka

SoftBank's USD 100 Billion Investment in the U.S.

In December 2024, Masayoshi Son, CEO of Japan's SoftBank Group, announced a groundbreaking USD 100 billion investment in U.S. technology and infrastructure. The announcement, made alongside former President Donald Trump at Mar-a-Lago, captured international attention for its scale and potential economic impact.

time-read
2 mins  |
January 2025
Jerome Fernando: a Preacher who Captivates, Heals, and Inspires
Business Today Sri Lanka

Jerome Fernando: a Preacher who Captivates, Heals, and Inspires

Jerome Fernando is a Christian leader with many titles, and his name is widely recognized. Known as a preacher in the spotlight, he has faced his share of criticism, but has never wavered or stopped delivering his message. Jerome claims to speak directly to people's hearts, and his greatest strength lies in his ability to remain relevant. He goes beyond just words, reaching out to heal and meet the needs of those who listen.

time-read
10+ mins  |
January 2025
HNB records a Group PBT of 38.7 billion rupees for the first nine months of 2024
Business Today Sri Lanka

HNB records a Group PBT of 38.7 billion rupees for the first nine months of 2024

HNB Group recorded a PAT of 23.7 billion rupees growing by 26 percent YoY, while the Bank's Profit After Tax increased by 34 percent YoY to 22.2 billion rupees for the nine months ended September 2024.

time-read
2 mins  |
January 2025
Donald Trump's AmericaFest Speech: Rallying the 'America First' Vision for His Second Term
Business Today Sri Lanka

Donald Trump's AmericaFest Speech: Rallying the 'America First' Vision for His Second Term

The speech took place against the backdrop of a highly energized crowd of young conservatives, energized by Turning Point USA (TPUSA), a key supporter of Trump's political campaigns. The audience of over 12,000 attendees symbolized the growing influence of youth activism in conservative politics.

time-read
3 mins  |
January 2025

We use cookies to provide and improve our services. By using our site, you consent to cookies. Learn more