Imports in Argentina
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
|Imports (USD billion)||74.4||65.2||59.8||55.6||66.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||27.77||0.45 %||Jun 19|
|Stock Market||29,119||2.26 %||Jun 19|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
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.
June 21, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index inched down from 36.1 points in April to 36.0 points in May.
June 20, 2018
According to the Statistical Institute (Instituto Nacional de Estadísticas y Censos, INDEC), economic activity in Q1 decelerated from Q4’s 3.9% year-on-year expansion, but remained strong at a 3.6% increase.
June 8, 2018
Argentina reached a USD 50.0 billion Stand-By Agreement (SBA) deal with the IMF, after weeks of financial turbulence caused the currency to depreciate sharply in early May.
May 31, 2018
In April, industrial production expanded 3.4% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 1 June.
May 25, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped from 11.1 points in April to 36.1 points in May.