Argentina Trade

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Argentina: Exports record stronger contraction in October

November 24, 2015

In October, exports declined 12.8% over the same month last year, which represented a stronger contraction compared to the 6.7% drop seen in the previous month. October’s decline reflected contractions in industry and energy exports. On a monthly basis, October’s exports contracted 4.3% in seasonally-adjusted terms, which contrasted the 5.9% increase seen in the previous month.

In addition, imports in October contracted 10.4% annually, which contrasted the 0.9% increase tallied in the previous month. The trade surplus totaled USD 0.25 billion in October, marking a deterioration over the USD 0.44 billion surplus recorded in October 2014. In the 12 months up to October, the trade balance posted an accumulated surplus of USD 2.4 billion, which was down from the USD 2.6 billion surplus reached during the 12 months up to September.

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 October 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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