Argentina Trade January 2016

Argentina

Argentina: Exports rebound in January

March 9, 2016

In January, exports expanded 2.3% over the same month last year, which significantly contrasted the 24.1% decrease observed in the previous month and marked the best result since June 2013. January’s increase reflected expansions in agricultural exports. On a monthly basis, January’s exports expanded 29.7% in seasonally-adjusted terms, which contrasted the 11.3% decrease seen in the previous month.

Imports in January contracted 3.8% annually, which contrasted the 0.8% increase tallied in the previous month. The trade deficit totaled USD 0.16 billion in January, marking an improvement over the USD 0.41 billion deficit recorded in January 2014. In the 12 months up to January, the trade balance posted an accumulated deficit of USD 2.8 billion, which was up from the USD 3.0 billion deficit reached during the 12 months up to December.

Panelists participating in the LatinFocus Consensus Forecast expect exports to drop 13.1% in 2016 and they see imports contracting 9.7%, thus pushing 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 January 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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