Imports in Argentina
Argentina - Imports
Trade deficit widens in July
Exports rebounded in July, expanding 1.7% in year-on-year terms following June’s revised 1.0% contraction (previously reported: -1.4% year-on-year). July’s improvement was driven by an acceleration in energy and industrial exports, while agricultural exports were again hampered by drought.
Imports also rebounded, expanding 2.2% annually in July on the heels of June’s 7.5% contraction. July’s decline reflected heavier imports of intermediate goods, as well as consumer goods and energy imports. Meanwhile, capital goods continued to slump in the month.
All told, the trade deficit widened from USD 0.4 billion in June to USD 0.8 billion in July (July 2017: USD 0.7 billion). The 12-month rolling trade deficit came in at USD 11.0 billion (July 2017: USD 2.3 billion), roughly in line with June’s result.
Panelists participating in the LatinFocus Consensus Forecast expect exports to grow 5.9% in 2018 and imports to increase 8.9%, pushing the trade balance to a USD 1.8 billion deficit. For 2019, the panel expects exports to increase 6.6% and imports to expand 7.7%, with a trade shortfall of USD 2.8 billion.
Argentina - Imports Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Imports (USD billion) | 74.4 | 65.2 | 59.8 | 55.6 | 66.9 |
Argentina Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.69 | 0.15 % | Dec 17 |
| Exchange Rate | 39.86 | 0.45 % | Sep 14 |
| Stock Market | 30,177 | 2.26 % | Sep 14 |
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Economic News
Argentina: Central Bank maintains tight monetary conditions despite plunging economic activity
September 12, 2018
At its latest meeting held on 11 September, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) decided to leave the seven-day liquidity bills rate (seven-day LELIQ rate) unchanged at an all-time high of 60.00%.
Argentina:
September 4, 2018
Industrial production contracted 5.7% over the same month of last year in July, according to data released by the National Statistical Institute (INDEC) on 4 September.
Argentina: Consumer sentiment remains in the doldrums in August
August 24, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index was stable in August from July at 36.3 points, and just a notch higher than June’s four-year low.
Argentina: Economic activity plummets further in June
August 23, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 6.7% in annual terms in June, deteriorating from the 5.2% contraction recorded in May (previously reported: -5.8% year-on-year) and marking the worst performance in nine years. June’s contraction came on the back of significant annual declines in agricultural and industrial output, as well as severely restricted trade activity.
Argentina: Trade deficit widens in July
August 22, 2018
Exports rebounded in July, expanding 1.7% in year-on-year terms following June’s revised 1.0% contraction (previously reported: -1.4% year-on-year).
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