Exports in Argentina
Argentina - Exports (percent change)
Trade surplus widens in August
Exports rose 7.5% in year-on-year terms in August, following July’s 8.3% increase. August’s outturn was the result of higher exported quantities, while prices continued to fall. The print came on the back of skyrocketing exports of primary goods and of fuels and energy, as well as of a strong rise in sales of manufactured products of agricultural origin. In contrast, exports of manufactured products of industrial origin continued to fall. In terms of export markets, August’s expansion came on the back of a sharp rise in overseas shipments to China, partially offset by declining exports to Brazil, Germany and Vietnam.
Imports plunged 30.3% annually in August, a sharper fall than July’s 20.6% dive. Significant contractions in the imports of passenger motor vehicles, fuels and lubricants, and capital and consumption goods, drove August’s downturn.
Meanwhile, the trade balance surplus widened from a surplus of USD 951 million in July to USD 1.2 billion in August, the 12th consecutive surplus after 20 months in the red (August 2018: USD 1.1 billion deficit). The 12-month rolling trade balance rose from a USD 8.4 billion surplus in July to a USD 10.7 billion surplus in August (August 2018: USD 10.7 billion shortfall), marking the best result since January 2013.
Panelists participating in the LatinFocus Consensus Forecast expect exports to expand 5.0% in 2019 and imports to decrease 20.4%, pushing the trade balance to a USD 12.6 billion surplus. For 2020, the panel expects exports to increase 6.4% and imports to grow 3.9%, with a trade surplus of USD 14.7 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||56.01||0.45 %||Sep 04|
|Stock Market||24,665||2.26 %||Sep 04|
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October 16, 2019
Consumer prices surged 5.9% over the previous month in September, coming in well above August’s 4.0% and marking the second consecutive month of intensifying price pressures, according to the National Statistical Institute (INDEC).
October 8, 2019
Alberto Fernández’s Everyone’s Front coalition (Frente de Todos) is the strong favorite to win Argentina’s general elections scheduled for 27 October, increasing the likelihood of unorthodox economic policies ahead.
October 3, 2019
Industrial production fell 6.4% over the same month of last year in August, according to data released by the National Statistical Institute (INDEC) on 3 October.
September 27, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 42.1 in September from 41.9 in August.
September 26, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) increased 0.6% year-on-year in July, after logging a revised 0.4% uptick in June (previously reported: 0.0% year-on-year).