Imports in Argentina

Argentina Imports | Economic News & Forecasts

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  

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Argentina Facts

ValueChangeDate
Bond Yield6.690.15 %Dec 17
Exchange Rate39.860.45 %Sep 14
Stock Market30,1772.26 %Sep 14

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