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Argentina has had a fairly unstable economy for the past 7 years in terms of its balance of trade In the 1993 and 1995 it enjoyed the least imports for the past 7 years and in 1993 and 1994 it realized the least amount of exports but no substantial change occurred in the service account The country has had steadily growing imports and exports for the past four years but this has not started until the year 1995 That year the imports declined from 20 billion to less than 18 billion but the exports rose from 16 billion to 21 billion This trend has held until today Similarly Argentinas service sector has enjoyed a steady growth and kept approximately the same balance over the years All in all the current account has improved in 1995 1996 and 1997 showing a positive balance but has sharply declined in 1998 to negative 3 billion There was no data available on Argentinas capital account On the contrary the US imports have solidly grew over the past 7 years starting at nearly 600 billion at the end of 1993 and ending at nearly 750 billion at the end of 1999 The exports have also had a solid growth over the past decade despite their slight decline in the 1998 which has most likely carried over to the 1999 although no complete data are available The services account has grown also but its debit side has declined in the 1999 implying a more favorable trade balance in the past year The US capital account has varied in the past decade The credit and debit sides alternatively grew and fell since the 1993 The credit grew the most in 1995 and 1996 and debit has declined the most in 1996 and 1999 Consequently the capital account enjoyed the highest positive balance in 1996 1998 1995 and the past year In these years the difference in the falling debit side and increase
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