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  

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Argentina Facts

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

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