Exports in Argentina
Argentina - Exports
Robust trade surplus recorded in April on continued plunge in imports
Exports rebounded, albeit timidly, and grew 1.7% in year-on-year terms in April, contrasting March’s 5.0% contraction. April’s increase was the result of rising exported quantities, while prices declined notably. It came on the back of a jump in exports of primary products, and of a healthy expansion in foreign sales of fuels and energy products. On the other hand, exports of manufactured products of industrial origin, and of manufactured products of agricultural origin, continued to fall. In terms of export markets, overseas sales to China, Peru and Vietnam rose considerably and were only partially counterbalanced by reduced exports to Brazil, the U.S. and Chile.
Imports nosedived 31.6% annually in April, a slightly softer fall than March’s 33.7% plunge. Abysmal falls in the imports of passenger motor vehicles, capital and consumption goods, led April’s contraction.
Meanwhile, the trade balance surplus narrowed marginally from a USD 1.2 billion surplus in March to a USD 1.1 billion surplus in April, the eighth consecutive surplus after 20 months in the red (April 2018: USD 0.9 billion deficit). The 12-month rolling trade balance improved from a USD 0.6 billion surplus in March to a USD 2.6 billion surplus in April (April 2018: USD 11.3 billion shortfall), marking the second surplus since April 2017.
Argentina Trade Balance Forecast
Panelists participating in the LatinFocus Consensus Forecast expect exports to expand 11.6% in 2019 and imports to decrease 11.4%, pushing the trade balance to a USD 9.5 billion surplus. For 2020, the panel expects exports to increase 6.1% and imports to grow 7.7%, with a trade surplus of USD 9.1 billion.
Argentina - Exports Data
|Exports (USD billion)||76.0||68.4||56.8||57.7||58.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||43.33||0.45 %||Jun 13|
|Stock Market||11,646||2.26 %||Jun 13|
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June 14, 2019
National consumer prices rose 3.1% over the previous month in May, coming in below April’s 3.4% month-on-month increase, and marking the second consecutive month of deceleration, according to the National Statistical Institute (INDEC).
June 5, 2019
Industrial production fell 8.8% over the same month of last year in April, according to data released by the National Statistical Institute (INDEC) on 5 June.
May 24, 2019
Exports rebounded, albeit timidly, and grew 1.7% in year-on-year terms in April, contrasting March’s 5.0% contraction.
Argentina: Consumer confidence at over one-year high in May, but remains entrenched in pessimistic terrain
May 24, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 36.5 points in May from 34.4 points in April, marking the best result in 13 months.
May 23, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) dived 6.8% in annual terms in March, a sharper drop than the 4.7% fall recorded in February.