Exports in Argentina

Argentina Exports | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Exports (USD billion)56.8  57.9  58.6  61.8  65.1  

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Argentina Facts

Value Change Date
Bond Yield6.690.15 %Dec 17
Exchange Rate59.880.45 %Dec 30

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