Argentina Trade September 2016

Argentina

Argentina: Exports contract in September

In September, Argentinian exports contracted 2.4% from the same month last year, which contrasted the 12.2% increase seen in August. September’s deterioration reflected sharp decreases in exports of primary products. On a monthly basis, exports decreased 7.1% in seasonally-adjusted terms, which contrasted the 12.3% drop observed in the previous month.

Imports contracted 15.2% annually in September. This was a steeper decrease than the 7.1% drop in August. The trade surplus totaled USD 0.36 billion in September, marking an improvement over the USD 0.36 billion shortfall recorded in September 2015. In the 12 months up to September, the trade balance posted an accumulated surplus of USD 0.4 billion, which was an improvement from the USD 0.4 billion deficit recorded in the 12 months up to August.

Panelists participating in the LatinFocus Consensus Forecast expect exports to increase 1.2% in 2016, imports to contract by 4.3% and the trade surplus to be USD 0.3 billion. For 2017, the panel expects exports to increase 6.0% and imports to expand 8.8%, with the trade deficit recording USD 1.3 billion.


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Argentina Trade12m September 2016

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.


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