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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (annual variation in %) | -17.0 | 2.0 | 1.3 | 5.3 | 5.4 |
Argentina Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.69 | 0.15 % | Dec 17 |
| Exchange Rate | 59.88 | 0.45 % | Dec 30 |
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Economic News
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Argentina: Merchandise exports decline in October
November 24, 2022
Merchandise exports plummeted 11.5% over the same month last year in October (September: -2.2% year-on-year).
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Argentina: Economic activity growth drops to six-month low in September
November 24, 2022
The monthly indicator for economic activity (EMAE) expanded 4.8% in year-on-year terms in September, which followed August's 6.6% increase.
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Argentina: Inflation increases in October
November 17, 2022
Inflation came in at 88.0% in October, up from September’s 83.0%.
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Argentina: Industrial output growth slides to six-month low in September
November 9, 2022
Industrial output expanded 4.2% compared to the same month of the previous year in September, which was a deterioration from August's 7.8% increase.
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Argentina: Central Bank stands pat in October
November 4, 2022
On 20 October, the Central Bank of Argentina (BCRA) decided to keep the LELIQ rate unchanged at 75.00%, deeming the current level of the LELIQ rate sufficient to support the peso and limit inflation and inflation expectations. The Bank stood pat on the basis that core inflation data for September turned out better than expected, with the month-on-month variation standing at 5.5%, lower than the 6.2% month-on-month increase in headline inflation.
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