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Argentina

Argentina ranked No. 38 in total trade value through June with a total of $6.81 billion. Exports totaled $4.29 billion and Imports totaled $2.53 billion, a surplus of $1.76 billion.

January – June 2019

Top Trading Ports

Total Trade: $6.81 billion

RankPortTotal YTD
1Miami International Airport $1,194,647,004
2Port of Houston $914,093,210
3Port of New Orleans $350,909,501
4Port of New York $288,985,538
5Port Everglades, Fla. $267,109,601
6Port of Newark $249,596,778
7Port of Jacksonville, Fla. $223,937,867
8John F. Kennedy International Airport $211,010,982
9Port of Corpus Christi, Texas $203,652,670
10Port of Virginia $196,742,822

U.S. trade with Argentina rose to $6.81 billion through June

Argentina’s trade with the United States rose to $6.81 billion through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.31 percent below its total trade during the same time period last year. Argentina’s exports decreased 10.87 percent while imports rose 5.92 percent. The U.S. surplus with Argentina was $1.76 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami International Airport; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Port of New York; and No. 5 Port Everglades, Fla.. During the same period the previous year, the top five were No. 1 Miami International Airport No. 2 Port of Houston No. 3 Port Everglades, Fla. No. 4 Port of New Orleans and No. 5 Port of Jacksonville, Fla.. In the current time period, the top five accounted for 44.28 percent of Argentina’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami International Airport fell 9.61 percent to $1.19 billion.
    Exports fell 2.03 percent to $1.11 billion. Imports fell 56.53 percent to $79.92 million.
  • Trade with No. 2 Port of Houston fell 16.88 percent to $914.09 million.
    Exports fell 21.28 percent to $701.4 million. Imports rose 1.86 percent to $212.69 million.
  • Trade with No. 3 Port of New Orleans rose 7.5 percent to $350.91 million.
    Exports rose 9.17 percent to $316.12 million. Imports fell 5.59 percent to $34.79 million.
  • Trade with No. 4 Port of New York rose 2.42 percent to $288.99 million.
    Exports fell 22.91 percent to $132.18 million. Imports rose 41.67 percent to $156.81 million.
  • Trade with No. 5 Port Everglades, Fla. fell 30.82 percent to $267.11 million.
    Exports fell 36.79 percent to $214.96 million. Imports rose 13.23 percent to $52.15 million.

Argentina ranked No. 38 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 39.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Argentina by value through June were the categories of Gasoline, other fuels; Computers; Medical instruments for surgeons, dentists, vets; Medicines in individual dosages; and Cell phones, related equipment, respectively. They accounted for 30.46 percent of total exports to Argentina.

The value of the top five categories of U.S. imports from Argentina –– Oil; Gasoline, other fuels; Aluminum, unwrought; Wine; and Insulin, hormones and steroids –– accounted for 47.49 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 10.43 percent compared to last year to $697.42 million.
  • Computers rose 2.12 percent compared to last year to $172.52 million.
  • Medical instruments for surgeons, dentists, vets rose 121.12 percent compared to last year to $153.82 million.
  • Medicines in individual dosages fell 0.19 percent compared to last year to $145 million.
  • Cell phones, related equipment fell 27.32 percent compared to last year to $136.91 million.

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

  • Oil rose 12.99 percent compared to last year to $467.58 million.
  • Gasoline, other fuels rose 4.71 percent compared to last year to $254.69 million.
  • Aluminum, unwrought rose 6.71 percent compared to last year to $212.95 million.
  • Wine fell 1.35 percent compared to last year to $140.34 million.
  • Insulin, hormones and steroids rose 97.4 percent compared to last year to $123.64 million.

In the latest annual figures available, Argentina recorded $14.28 billion in trade with the United States. At year’s end, its were Miami; Houston; New York City; New Orleans; and Jacksonville/Tampa. Total U.S. exports to Argentina were $ 9.51 billion and imports from Argentina were $4.77 billion. The U.S. surplus with Argentina was $4.75 billion.