Exports in Argentina
Argentina - Exports (percent change)
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 (annual variation in %)||-17.0||2.0||1.3||5.3||5.4|
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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August 12, 2022
Consumer prices soared 7.41% from the previous month in July, accelerating from the 5.30% rise logged in June.
August 11, 2022
Industrial output grew 6.9% in year-on-year terms in June, which was a deterioration from May's 12.1% increase.
August 10, 2022
Industrial production rose 6.9% year on year in June (May: +12.1% yoy).
August 5, 2022
On 28 July, the Central Bank of Argentina (BCRA) decided to hike the LELIQ rate to 60.00% from 52.00% in a bit to tame inflation.
August 4, 2022
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased to 34.7 in July from 39.1 in June.