Exports in Argentina
Argentina - Exports
Trade balance records another surplus on plunging imports in October
Exports increased 1.4% in year-on-year terms in October, contrasting September’s 4.8% fall. September’s rise reflected a strong increase in fuels and energy exports as well as a healthy expansion in exports of manufactured products of agricultural origin, only partially offset by a contraction in exports of primary products and of manufactured products of industrial origin. In terms of export markets, solid export growth towards Mercosur (especially Brazil), Chile and ASEAN was only partially offset by declining exports towards NAFTA and the EU.
Imports plummeted 18.2% annually in October, a somewhat softer fall than September’s revised 21.2% contraction. A plunge in the imports of capital and consumption goods, as well of imports of passenger motor vehicles following a decline in the peso in September, just partially compensated by sturdier imports of intermediate goods, explain October’s drop.
Meanwhile, the trade balance surplus narrowed from a USD 314 million surplus in September to a USD 277 million surplus in October, the second consecutive surplus after 20 months in the red (October 2017: USD 927 million deficit). The 12-month rolling trade deficit came in at USD 8.5 billion (October 2017: USD 5.9 billion shortfall), narrowing from September’s USD 9.7 billion deficit and marking the best result in 10 months.
Argentina Trade Balance Forecast
Panelists participating in the LatinFocus Consensus Forecast expect exports to expand 11.8% in 2019 and imports to decrease 4.3%, pushing the trade balance to a USD 5.0 billion surplus. For 2020, the panel expects exports to increase 7.4% and imports to grow 7.9%, with a trade surplus of USD 5.0 billion.
Argentina - Exports Data
|Exports (USD billion)||76.0||68.4||56.8||57.7||58.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||38.16||0.45 %||Dec 14|
|Stock Market||31,109||2.26 %||Dec 14|
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December 14, 2018
According to the National Statistical Institute (INDEC), national consumer prices rose 3.2% over the previous month in November, coming in well below October’s 5.4% month-on-month increase.
December 5, 2018
Industrial production contracted 6.8% over the same month of last year in October, according to data released by the National Statistical Institute (INDEC) on 4 December, marking a softer fall than September’s multi-year low 11.5% year-on-year decline. October’s reading again reflected contractions in almost all components of the index.
November 26, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 5.8% in annual terms in September, a much sharper drop than the revised 1.9% fall recorded in August (previously reported: -1.6% year-on-year).
November 26, 2018
Exports increased 1.4% in year-on-year terms in October, contrasting September’s 4.8% fall.
November 22, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 32.1 points in November from 32.6 points in October, marking the worst reading since September 2002.