Exports in Argentina
Argentina - Exports
Coronavirus crisis strikes serious blow to exports in March
Exports plunged 15.9% in year-on-year terms in March, following February’s softer 2.8% drop. The print was the result of plummeting exports of manufactured products of agricultural and industrial origin and of fuels and energy, as well as of a dip in foreign sales of primary products. In terms of export markets, March’s print mainly resulted from tumbling overseas shipments to Brazil, the U.S. and China, compounded by lower sales to Vietnam and Paraguay which largely outweighed rising exports to Chile and the Netherlands.
Imports slumped 19.7% annually in March, broadly matching February’s 20.1% fall. Diving imports of passenger motor vehicles, fuels and lubricants and capital goods drove March’s downturn.
Meanwhile, the trade balance surplus in March matched February’s USD 1.1 billion (March 2019: USD 1.2 billion surplus). Moreover, the 12-month rolling trade balance was stable at February’s USD 17.3 billion surplus in March (March 2019: USD 0.7 billion surplus).
Panelists participating in the LatinFocus Consensus Forecast expect merchandise exports to drop 7.4% in 2020 and merchandise imports to decrease 13.0%, pushing the trade balance to a USD 17.6 billion surplus. For 2021, the panel expects merchandise exports to increase 5.3% and merchandise imports to rebound 12.2%, with a trade surplus of USD 15.6 billion.
Argentina - Exports Data
|Exports (USD billion)||56.8||57.9||58.6||61.8||65.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||59.88||0.45 %||Dec 30|
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May 20, 2022
The monthly indicator for economic activity (EMAE) grew 4.8% year-on-year in March (February: +8.5% yoy).
May 20, 2022
Merchandise exports rose 35.6% over the same month last year in April (March: +28.6% year-on-year).
May 13, 2022
Consumer prices rose 6.05% in April over the previous month, slowing down from the 6.73% increase logged in March, which had marked the highest reading on record. Inflation came in at 58.0% in April, which was up from March’s 55.1%.
May 6, 2022
Industrial production increased 3.6% year-on-year in March (February: +8.7% yoy).
May 3, 2022
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased to 35.7 in April from 36.9 in March.