EXTERNAL SECTOR
EVOLUTION OF BCRA's INTERNATIONAL RESERVES IN USD
Detailed Explanation:
This line chart depicts the evolution of the BCRA's gross international reserves in millions of USD from 2017 onwards.
- Gross International Reserves: Including liquid external assets like cash, gold, SDRs, and credit balances with international organizations. Reserves are provisional and subject to valuation changes.
Purpose: Reserves serve as a buffer for foreign exchange interventions, external debt payments, and economic stability; declines often signal capital outflows or import pressures, while accumulations indicate successful export performance or inflows.
Note: Data is usable for interventions and reflects net positions after liabilities. Use zoom for daily details.
EVOLUTION OF TRADE BALANCE
Detailed Explanation:
This line chart illustrates the monthly trade balance in millions of USD from 2017 onwards.
- Trade Balance: Calculated as exports minus imports (positive = surplus, negative = deficit). It includes goods trade, excluding services.
Purpose: The trade balance reflects Argentina's external sector health, influencing reserves and exchange rates; surpluses support currency stability, while deficits can pressure devaluations. Trends often tie to commodity prices (e.g., soy) and economic cycles.
Note: Data is in FOB for exports and CIF for imports.