Exports in Argentina
Argentina - Exports
Trade deficit widens in May
Exports fell 6.0% in year-on-year terms in May, contrasting April’s revised 6.5% year-on-year increase (previously reported: +6.2% year-on-year). The sharp slowdown was driven by a sharp contraction in exports of primary products and a notable fall in exports of manufactured products. As in the previous month, the contraction in the exports of primary products largely reflected the impact of a devastating drought in the agricultural sector throughout the first quarter.
Annual growth in imports slowed considerably from 22.7% in April to 6.3% in May. The increase was driven by a healthy expansion in imports of automotive vehicles and a significant increase in imports of intermediate goods, which more than offset a decline in imports of capital goods.
As exports contracted while imports expanded, the trade deficit widened from USD 924 million in April to USD 1.3 billion in May (May 2017: USD 576 million deficit). The 12-month moving average of the trade deficit came in at USD 11.3 billion, slightly above April’s USD 10.6 billion deficit (May 2017: USD 0.3 billion shortfall).
Argentina Trade Balance Forecast
Panelists participating in the LatinFocus Consensus Forecast expect exports to grow 5.9% in 2018 and imports to increase 8.9%, pushing the trade balance to a USD 1.8 billion deficit. For 2019, the panel expects exports to increase 6.6% and imports to expand 7.7%, with a trade shortfall of USD 2.8 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||27.25||0.45 %||Jul 13|
|Stock Market||26,514||2.26 %||Jul 13|
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July 2, 2018
In May, industrial production contracted 1.2% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 June.
June 29, 2018
The Argentine peso continues to depreciate, despite Central Bank efforts to stem the currency’s slide.
June 27, 2018
Exports fell 6.0% in year-on-year terms in May, contrasting April’s revised 6.5% year-on-year increase (previously reported: +6.2% year-on-year).
June 27, 2018
At its latest meeting held on 26 June, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) decided to leave the 7-day repo reference rate unchanged at an all-time high of 40.00%.
June 26, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 0.9% in annual terms in April, contrasting the upwardly revised 2.0% expansion registered in March (previously reported: +1.4% year-on-year).