Argentina - Urari wa Biashara ya

Argentina's trade surplus widened to USD 1768 million in October 2019 from USD 325 million in the same month of 2018 and beating consensus of a USD 1647 million surplus. It was the largest trade surplus since April 2012, as exports jumped 9.1 percent over a year earlier to USD 5889 million, as sales of primary goods (45.5 percent) and agricultural manufactures (10 percent) more than offset declines for industrial (-10 percent) and fuels (-8.5 percent). Among major trading partners, exports to China soared 90.2 percent to USD 966 million, whereas those to Brazil declined 1.5 percent to USD 941 million. Meantime, imports slumped 18.8 percent to USD 4121 million, due to lower purchases of intermediate goods (-21.8 percent), capital (-12 percent), consumption goods (-22.4 percent), fuels & lubricants (-43.5 percent), and vehicles (-52.9 percent). Imports fell from China (-38.3 percent), the US (-30.9 percent) and Brazil (-26.7 percent).

Argentina's trade surplus widened to USD 1744 million in September 2019 from USD 314 million in the corresponding month of the previous year and beating market expectations of a USD 1300 million surplus. It was the largest trade surplus since April 2012, as exports jumped 14.1 percent over a year earlier to USD 5746 million, boosted by sales of primary goods (70.2 percent), agricultural manufactures (4.8 percent), and industrial (5.9 percent). Among major trading partners, exports rose to China (150.6 percent), Vietnam (55 percent), Netherlands (54.7 percent) and Indonesia (39.3 percent). Meantime, imports slumped 14.9 percent to USD 4002 million, due to lower purchases of intermediate goods (-9.1 percent), parts & accessories for capital goods (-4.1 percent), consumption (-17.4 percent), capital (-18.6 percent), vehicles (-30 percent) and fuels & lubricants (-33.6 percent). Imports fell from China (-3.8 percent), Brazil (-15.8 percent), and the US (-30.5 percent).

Argentina's trade balance shifted to a USD 1168 million surplus in August 2019 from a USD 1131 million deficit in the same month a year ago and beating market expectations of a USD 790 million surplus. It was the twelfth straight monthly trade surplus, as exports rose 7.5 percent year-on-year to USD 5568 million, boosted by sales of primary products (38.6 percent) and fuels & energy (-48.3 percent). In contrast, exports of industrial goods declined 8.0 percent. Meantime, imports slumped 30.3 percent to USD 4400 million, amid lower purchases of capital goods (-32-0 percent); intermediate goods (-22.1 percent); fuels & lubricants (-45.3 percent); parts & accessories for capital goods (-15.4 percent); consumption goods (-33.5percent) and vehicles (-61.6 percent).

Argentina posted a trade surplus of USD 951 mIllion in July 2019 compared to a USD 772 million deficit in the same month a year ago and beating market expectations of a USD 684 million surplus. It is the eleventh straight monthly trade surplus, as exports rose 8.3 percent year-on-year to USD 5,856 million, boosted by sales of primary products (56.2 percent); agricultural manufactures (9.5 percent). Meanwhile, those of industrial manufactures (-17.8 percent) and fuels & energy (-6.3 percent) decreased. Imports slumped 20.5 percent to USD 4,905 million, amid lower purchases of capital goods (-25.3 percent); intermediate goods (-8.3 percent); fuels & lubricants (-40.4 percent); parts & accessories for capital goods (-4.6 percent); consumption goods (-24.9 percent) and vehicles (-49.3 percent).

Argentina’s trade balance shifted to a USD 1061 million surplus in June 2019 from a USD 322 million gap in the same month a year earlier. It was the tenth straight monthly trade surplus, as imports plunged 23.5 percent year-on-year to USD 4174 million, mainly dragged by lower purchases of vehicles (-59.8 percent); fuels (-32.2 percent); consumption goods (-24.5 percent); and capital goods (-24.1 percent). Meantime, exports rose 1.9 percent to USD 5136 million, boosted by higher sales of agricultural manufactures (12.1 percent); fuels & energy (33.6 percent); and primary products (22.4 percent) while industrial manufactures fell (-11.9 percent).

Argentina’s trade balance shifted to a USD 1373 million surplus in May 2019 from a USD 1282 million gap in the same month a year earlier. It was the ninth straight monthly trade surplus, as imports plunged 28.0 percent year-on-year to USD 4644 million, mainly dragged by lower purchases of intermediate goods (-16 percent); capital goods (-37.4 percent); consumption (-22.1 percent); and fuels & lubricants (-41.5 percent). Imports fell from Brazil (-34.8 percent), China (-23.9 percent) and the US (-12.7 percent). Meantime, exports rose 16.5 percent to USD 6017 million, boosted by higher sales of primary goods (61.1 percent); agricultural manufactures (4 percent); and fuels and energy (28.9 percent), while decreased for industrial (-0.7 percent). Exports jumped to Vietnam (192.7 percent), the US (69.9 percent) and China (68.3 percent).