Imports in Argentina
Argentina - Imports
Trade deficit widens in May
Exports fell 6.0% in year-on-year terms in May, contrasting April’s revised 6.5% year-on-year increase (previously reported: +6.2% year-on-year). The sharp slowdown was driven by a sharp contraction in exports of primary products and a notable fall in exports of manufactured products. As in the previous month, the contraction in the exports of primary products largely reflected the impact of a devastating drought in the agricultural sector throughout the first quarter.
Annual growth in imports slowed considerably from 22.7% in April to 6.3% in May. The increase was driven by a healthy expansion in imports of automotive vehicles and a significant increase in imports of intermediate goods, which more than offset a decline in imports of capital goods.
As exports contracted while imports expanded, the trade deficit widened from USD 924 million in April to USD 1.3 billion in May (May 2017: USD 576 million deficit). The 12-month moving average of the trade deficit came in at USD 11.3 billion, slightly above April’s USD 10.6 billion deficit (May 2017: USD 0.3 billion shortfall).
Argentina Trade Balance Forecast
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 | 27.25 | 0.45 % | Jul 13 |
| Stock Market | 26,514 | 2.26 % | Jul 13 |
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Economic News
Argentina: Industrial output contracts in May
July 2, 2018
In May, industrial production contracted 1.2% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 June.
Argentina: Argentine peso tumbles to new all-time low in June
June 29, 2018
The Argentine peso continues to depreciate, despite Central Bank efforts to stem the currency’s slide.
Argentina: Central Bank maintains rate unchanged at record-high 40.00%
June 27, 2018
At its latest meeting held on 26 June, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) decided to leave the 7-day repo reference rate unchanged at an all-time high of 40.00%.
Argentina: Trade deficit widens in May
June 27, 2018
Exports fell 6.0% in year-on-year terms in May, contrasting April’s revised 6.5% year-on-year increase (previously reported: +6.2% year-on-year).
Argentina: Economic activity plunges in April
June 26, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 0.9% in annual terms in April, contrasting the upwardly revised 2.0% expansion registered in March (previously reported: +1.4% year-on-year).
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