Argentina Trade


Argentina: Exports contract less in September

November 6, 2015

In September, exports declined 6.7% over the same month last year, which represented a milder contraction compared to the 16.0% drop seen in the previous month. September’s decline reflected contractions in manufacturing and energy exports. On a monthly basis, September’s exports expanded 5.9% in seasonally-adjusted terms, which contrasted the 4.0% drop seen in the previous month.

In addition, imports in September expanded 0.9% annually, which contrasted the 2.6% drop seen in August. The trade surplus totaled USD 0.07 billion in September, marking a deterioration over the USD 0.52 billion surplus recorded in September 2014. In the 12 months up to September, the trade balance posted an accumulated surplus of USD 2.6 billion, which was down from the USD 3.0 billion surplus reached during the 12 months up to August.

Panelists participating in the LatinFocus Consensus Forecast expect exports to drop 13.1% in 2015 and they see imports contracting 9.7%, thus pushing the trade surplus to USD 3.6 billion. For 2016, the panel expects exports to increase 4.9% and imports to expand 5.6%, with the trade surplus narrowing to USD 3.3 billion.

Author:, Senior Economist

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Argentina Trade Chart

Argentina Trade12m September 2015

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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