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Argentina

Argentina ranked No. 37 in total trade value through October with a total of $12.24 billion. Exports totaled $8.23 billion and Imports totaled $4.01 billion, a surplus of $4.22 billion.

January – October 2018

Top Trading Ports

Total Trade: $12.24 billion

RankPortTotal YTD
1Miami International Airport $2,084,681,442
2Port of Houston $1,742,183,671
3Port Everglades, Fla. $600,801,029
4Port of New Orleans $600,373,855
5Port of Jacksonville, Fla. $541,948,572
6Port of New York $467,802,865
7Port of Port Arthur, Texas $412,588,628
8Port of Virginia $391,004,156
9Port of Newark $361,214,867
10Port of Charleston $299,032,896

U.S. trade with Argentina rose to $12.24 billion through October

Argentina’s trade with the United States rose to $12.24 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.65 percent above its total trade during the same time period last year. Argentina’s exports increased 2.76 percent while imports rose 2.41 percent. The U.S. surplus with Argentina was $4.22 billion.

Through October, 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 Everglades, Fla.; No. 4 Port of New Orleans; and No. 5 Port of Jacksonville, 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 Jacksonville, Fla. and No. 5 Port of New Orleans. In the current time period, the top five accounted for 45.5 percent of Argentina’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami International Airport fell 9.66 percent to $2.08 billion.
    Exports fell 6.73 percent to $1.77 billion. Imports fell 23.19 percent to $315.87 million.
  • Trade with No. 2 Port of Houston rose 5.15 percent to $1.74 billion.
    Exports rose 17.59 percent to $1.38 billion. Imports fell 25.15 percent to $360.88 million.
  • Trade with No. 3 Port Everglades, Fla. fell 6.11 percent to $600.8 million.
    Exports fell 9.3 percent to $516.12 million. Imports rose 19.57 percent to $84.68 million.
  • Trade with No. 4 Port of New Orleans rose 0.7 percent to $600.37 million.
    Exports rose 1.65 percent to $535.91 million. Imports fell 6.61 percent to $64.47 million.
  • Trade with No. 5 Port of Jacksonville, Fla. fell 12.64 percent to $541.95 million.
    Exports fell 7.01 percent to $425.19 million. Imports fell 28.42 percent to $116.76 million.

Argentina ranked No. 37 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 37.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Argentina by value through October were the categories of Gasoline, other fuels; Civilian aircraft, parts; Soybeans; Cell phones, related equipment; and Medicines in individual dosages, respectively. They accounted for 33.82 percent of total exports to Argentina.

The value of the top five categories of U.S. imports from Argentina –– Oil; Aluminum, unwrought; Gasoline, other fuels; Wine; and Seamless iron tubes and pipes –– accounted for 41.4 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 3.9 percent compared to last year to $1.32 billion.
  • Civilian aircraft, parts rose 7.33 percent compared to last year to $531.2 million.
  • Soybeans rose 210824 percent compared to last year to $361.82 million.
  • Cell phones, related equipment fell 16.85 percent compared to last year to $291.7 million.
  • Medicines in individual dosages fell 10.72 percent compared to last year to $282.4 million.

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

  • Oil rose 24005000 percent compared to last year to $530.51 million.
  • Aluminum, unwrought rose 4.65 percent compared to last year to $360.69 million.
  • Gasoline, other fuels rose 149.84 percent compared to last year to $348.05 million.
  • Wine fell 8.01 percent compared to last year to $236.59 million.
  • Seamless iron tubes and pipes rose 1.3 percent compared to last year to $183.75 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.