Argentina Trade March 2016

Argentina

Argentina: Exports decelerate in March

April 26, 2016

In March, exports expanded 1.6% over the same month last year, which was significantly below the 6.2% increase observed in the previous month. February’s reading had marked the best result since June 2013. April’s deceleration broadly reflected a contraction in industrial exports. On a monthly basis, March’s exports contracted 2.0% in seasonally-adjusted terms, which contrasted the 1.2% increase seen in the previous month.

Imports in March contracted 6.6% annually, which contrasted the 1.0% increase tallied in the previous month. The trade deficit totaled USD 0.27 billion in March, marking an improvement over the USD 0.70 billion deficit recorded in March 2014. In the 12 months up to March, the trade balance posted an accumulated deficit of USD 2.2 billion, which was an improvement over the USD 2.6 billion deficit reached during the 12 months up to February.

Panelists participating in the LatinFocus Consensus Forecast expect exports to drop 13.1% in 2016, imports contracting 9.7%, and the trade surplus to USD 3.6 billion. For 2017, 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 March 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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