Imports in Argentina

Argentina Imports | Economic News & Forecasts

Argentina - Imports

Trade deficit widens in April

Growth in exports moderated from a revised 17.4% year-on-year increase in March (previously reported: +17.2% year-on-year) to a softer 6.2% increase in April. The sharp slowdown was driven by a 13.3% contraction in exports of primary products and a notable slowdown in exports of primary products and of manufactured products. The contraction in primary products exports largely reflected the impact of a devastating drought in the agricultural sector throughout the first quarter.

Growth in imports jumped from 8.8% year-on-year in March to 22.7% in April. The increase was driven by a 34.6% expansion in imports of automotive vehicles and a 27.9% increase in imports of intermediate goods mostly used for industrial production in the country.

As exports expanded at a sharper pace than imports, the trade deficit widened from USD 598 million in March to USD 938 million in April (April 2017: USD 112 million deficit). The 12-month moving average of the trade deficit came in at USD 11.6 billion, slightly above March’s USD 9. 8 billion deficit (April 2017: USD 0.8 billion surplus).

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  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Argentina Facts

ValueChangeDate
Bond Yield6.690.15 %Dec 17
Exchange Rate27.770.45 %Jun 19
Stock Market29,1192.26 %Jun 19

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form