Imports in Argentina
Argentina - Imports (percent change)
Trade surplus widens further in December on falling imports and surging exports
Exports leaped 15.4% in year-on-year terms in December, following November’s 14.6% increase. December’s jump reflected a strong rise in exports of manufactured products of agricultural origin and of primary products, as well as healthy expansions in foreign sales and of exports of manufactured products of industrial origin. In terms of export markets, solid export growth towards Mercosur (especially Brazil) and the Middle East and a surge in exports towards China were only partially dampened by declining exports towards ASEAN and the European Union.
Imports plummeted 27.1% annually in December, a somewhat softer fall than November’s 29.2% contraction. A plunge in imports of capital and consumption goods, as well of imports of passenger motor vehicles, just partially compensated by sturdier imports of intermediate goods, explain December’s contraction.
Meanwhile, the trade balance surplus widened from a USD 1.0 billion surplus in November to a USD 1.4 billion surplus in December, the fourth consecutive surplus after 20 months in the red and the best reading since May 2014 (December 2017: USD 1.5 billion deficit). The 12-month rolling trade deficit came in at USD 3.8 billion (December 2017: USD 8.3 billion shortfall), narrowing from November’s USD 6.0 billion deficit and marking the best result in almost one-and-a-half years.
Argentina Trade Balance Forecast
Panelists participating in the LatinFocus Consensus Forecast expect exports to expand 11.9% in 2019 and imports to decrease 5.6%, pushing the trade balance to a USD 6.4 billion surplus. For 2020, the panel expects exports to increase 6.8% and imports to grow 7.8%, with a trade surplus of USD 6.3 billion.
Argentina - Imports (%) Data
|Imports (annual variation in %)||9.5||-12.4||-8.4||-6.9||20.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||38.21||0.45 %||Feb 14|
|Stock Market||37,386||2.26 %||Feb 14|
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February 15, 2019
According to the National Statistical Institute (INDEC), national consumer prices rose 2.9% over the previous month in January, coming in above December’s 2.6% month-on-month increase.
February 6, 2019
Industrial production plunged a multi-year low of 14.7% over the same month of last year in December, according to data released by the National Statistical Institute (INDEC) on 5 February, marking a steeper fall than November’s 13.9% year-on-year decline. December’s result reflected contractions in all components of the index.
January 25, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped to 33.1 points in January from 36.0 points in December—which had marked the best reading in four months.
January 25, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 7.5% in annual terms in November, a sharper drop than the revised 4.2% fall recorded in October (previously reported: -4.0% year-on-year).
January 23, 2019
Exports leaped 15.4% in year-on-year terms in December, following November’s 14.6% increase.