Weekly Report - 13 March 2014 (WR-14-10)

ARGENTINA-BRAZIL | Trade slumps. Trade between Argentina and Brazil was just US$2.25bn in February, the lowest monthly figure in four years. Total exports reached US$1.094bn, a fall of 23.4% year-on-year, while imports reached US$1.165bn after a 9.7% fall on February 2013. Lower sales of vehicles, oil and auto-parts were cited as the main reason for the decline. After the first two months of 2014, Brazil is running a US$297m deficit with Argentina.