Trade Balance in Argentina
Argentina - Trade Balance
January sees fifth consecutive trade surplus
Exports dropped 4.7% in year-on-year terms in January, contrasting Decemebr’s 15.4% jump. January’s decline reflected a sharp fall in exports of manufactured products of industrial origin and of fuels and energy products, which more than offset notable expansions in overseas sales of manufactured products of agricultural origin and of primary products. In terms of export markets, considerable contractions in exports towards Brazil and the U.S. were only partially counterbalanced by a surge in exports towards China.
Imports plummeted 26.5% annually in January, a somewhat softer fall than December’s 27.1% contraction. A plunge in imports of capital and consumption goods, as well of imports of passenger motor vehicles, led January’s contraction.
Meanwhile, the trade balance surplus narrowed from a USD 1.4 billion surplus in December to a USD 0.4 billion surplus in January, the fifth consecutive surplus after 20 months in the red (January 2018: USD 0.9 billion deficit). The 12-month rolling trade deficit came in at USD 2.5 billion (January 2018: USD 9.2 billion shortfall), narrowing from December’s USD 3.8 billion deficit and marking the best result in one-and-a-half years.
Panelists participating in the LatinFocus Consensus Forecast expect exports to expand 11.7% in 2019 and imports to decrease 6.4%, pushing the trade balance to a USD 7.5 billion surplus. For 2020, the panel expects exports to increase 6.2% and imports to grow 7.7%, with a trade surplus of USD 7.1 billion.
Argentina - Trade Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 1.5 | 3.2 | -3.0 | 2.1 | -8.5 |
Argentina Trade Balance Chart
Source: National Statistical Institute (INDEC) and FocusEconomics calculations.
Argentina Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.69 | 0.15 % | Dec 17 |
| Exchange Rate | 39.66 | 0.45 % | Feb 20 |
| Stock Market | 36,504 | 2.26 % | Feb 20 |
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Economic News
Argentina: Consumer sentiment gains ground in February
February 22, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 36.0 points in February from 33.1 points in January.
Argentina: January sees fifth consecutive trade surplus
February 21, 2019
Exports dropped 4.7% in year-on-year terms in January, contrasting Decemebr’s 15.4% jump.
Argentina: Inflation jumps in January on a low-base effect
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.
Argentina: Contraction in industrial production sharpens in December
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.
Argentina: Consumer sentiment declines at the beginning of the year
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.
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