Exports in Argentina
Argentina - Exports (percent change)
Tumbling imports keep trade balance in surplus in July
Exports jumped 8.3% in year-on-year terms in July, following June’s 1.9% increase. July’s outturn was the result of surging exported quantities, while prices continued to fall. The print came on the back of skyrocketing exports of primary goods and a strong rise in sales of manufactured products of agricultural origin. In contrast, exports of fuels and energy, and manufactured products of industrial origin fell. In terms of export markets, overseas shipments to China, Vietnam and the U.S. increased markedly and were partially offset by declining exports to Brazil, Germany and Paraguay.
Imports plunged 20.6% annually in July, slightly less than June’s 23.5% dive. Significant falls in the imports of passenger motor vehicles, fuels and lubricants, and capital and consumption goods, drove July’s downturn.
Meanwhile, the trade balance surplus narrowed from a surplus of USD 1.1 billion in June to USD 951 million in July, the 11th consecutive surplus after 20 months in the red (July 2018: USD 772 million deficit). The 12-month rolling trade balance rose from a USD 6.6 billion surplus in June to a USD 8.4 billion surplus in July (July 2018: USD 10.6 billion shortfall), marking the best result since July 2013.
Panelists participating in the LatinFocus Consensus Forecast expect exports to expand 8.3% in 2019 and imports to decrease 11.8%, pushing the trade balance to a USD 9.0 billion surplus. For 2020, the panel expects exports to increase 6.7% and imports to grow 8.1%, with a trade surplus of USD 8.9 billion.
Argentina - Exports (%) Data
|Exports (annual variation in %)||-5.0||-9.9||-17.0||2.0||1.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||43.88||0.45 %||Jul 31|
|Stock Market||42,058||2.26 %||Jul 31|
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August 23, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 41.9 points in August from 44.2 points in July, which had marked the best result since January 2018.
August 22, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) recorded flat growth year-on-year in June, after logging a 2.4% increase in May, which had marked the best result in over a year and exceeded market expectations.
August 21, 2019
Exports jumped 8.3% in year-on-year terms in July, following June’s 1.9% increase.
August 15, 2019
National consumer prices rose 2.2% over the previous month in July, coming in below June’s 2.7% month-on-month increase and marking the lowest reading in 14 months, according to the National Statistical Institute (INDEC).
Argentina: Consumer confidence jumps to 18-month high in July, but remains entrenched in pessimistic terrain
July 26, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index surged to 44.2 points in July from 40.6 points in June, marking the best result since January 2018.