Argentina

Argentina ranked No. 43 in total trade value through June with a total of $4.84 billion. Exports totaled $2.89 billion and Imports totaled $1.95 billion, a surplus of $939.02 million.

U.S. trade with Argentina rose to $4.84 billion through June

Argentina’s trade with the United States rose to $4.84 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 28.94 percent below its total trade during the same time period last year. U.S. exports to Argentina decreased 32.58 percent while U.S. imports from Argentina fell 22.75 percent. The U.S. surplus with Argentina was $939.02 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami Int’l Airport; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 John F. Kennedy International Airport; and No. 5 Port Everglades, Fla.. During the same period the previous year, the top five were No. 1 Miami Int’l Airport; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Port of New York and No. 5 Port Everglades, Fla.. In the current time period, the top five accounted for 45.84 percent of Argentina’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport fell 18.42 percent to $974.59 million.
    Exports fell 25.45 percent to $831.02 million. Imports rose 79.64 percent to $143.56 million.
  • Trade with No. 2 Port of Houston fell 47.55 percent to $479.4 million.
    Exports fell 49.05 percent to $357.37 million. Imports fell 42.62 percent to $122.03 million.
  • Trade with No. 3 Port of New Orleans fell 18.7 percent to $285.28 million.
    Exports fell 18.6 percent to $257.32 million. Imports fell 19.6 percent to $27.97 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 18.39 percent to $249.81 million.
    Exports fell 39.29 percent to $42.2 million. Imports rose 46.72 percent to $207.61 million.
  • Trade with No. 5 Port Everglades, Fla. fell 14.03 percent to $229.63 million.
    Exports fell 19.56 percent to $172.91 million. Imports rose 8.76 percent to $56.72 million.

Argentina ranked No. 43 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 40.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Argentina by value through June were the categories of Gasoline, other fuels; Computers; Medicines in individual dosages; Plastics; and Misc. organo-inorganic compounds, respectively. They accounted for 28.81 percent of total exports to Argentina.

The value of the top five categories of U.S. imports from Argentina –– Insulin, hormones and steroids; Aluminum, unwrought; Gold; Wine; and Oil –– accounted for 39.83 percent of all inbound shipments.

Looking more closely at U.S. exports to Argentina:

  • Gasoline, other fuels fell 45.28 percent compared to last year to $381.61 million.
  • Computers fell 12.92 percent compared to last year to $150.23 million.
  • Medicines in individual dosages fell 24.46 percent compared to last year to $109.53 million.
  • Plastics rose 52.6 percent compared to last year to $96.14 million.
  • Misc. organo-inorganic compounds rose 29.96 percent compared to last year to $94.89 million.

Looking more closely at U.S. imports from Argentina:

  • Insulin, hormones and steroids rose 49.42 percent compared to last year to $184.75 million.
  • Aluminum, unwrought fell 15.51 percent compared to last year to $179.93 million.
  • Gold rose 112.68 percent compared to last year to $163.24 million.
  • Wine fell 1.59 percent compared to last year to $138.11 million.
  • Oil fell 76.27 percent compared to last year to $110.95 million.

In the latest annual figures available, Argentina recorded $13 billion in trade with the United States. Total U.S. exports to Argentina were $ 8.08 billion and imports from Argentina were $4.92 billion. The U.S. surplus with Argentina was $3.16 billion.