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Argentina

Argentina ranked No. 38 in total trade value through February with a total of $2.19 billion. Exports totaled $1.35 billion and Imports totaled $843.86 million, a surplus of $506.63 million.

January – February 2019

Top Trading Ports

Total Trade: $2.19 billion

RankPortTotal YTD
1Miami International Airport $444,729,162
2Port of Houston $309,294,763
3Port of Newark $99,775,237
4Port of Bellingham, Wash. $88,343,284
5Port Everglades, Fla. $80,451,847
6Port of New York $69,626,843
7Port of Jacksonville, Fla. $63,020,276
8Port of Corpus Christi, Texas $61,287,214
9Port of New Orleans $61,149,369
10Christiansted Port Terminal, U.S. Virgin Islands $59,255,154

U.S. trade with Argentina rose to $2.19 billion through February

Argentina’s trade with the United States rose to $2.19 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.31 percent below its total trade during the same time period last year. Argentina’s exports decreased 10.54 percent while imports rose 7.69 percent. The U.S. surplus with Argentina was $506.63 million.

Through February, 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 Newark; No. 4 Port of Bellingham, Wash.; 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 Seattle-Tacoma International Airport No. 4 Port Everglades, Fla. and No. 5 Port of Jacksonville, Fla.. In the current time period, the top five accounted for 46.6 percent of Argentina’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami International Airport rose 1.98 percent to $444.73 million.
    Exports rose 6.98 percent to $415.76 million. Imports fell 38.94 percent to $28.97 million.
  • Trade with No. 2 Port of Houston fell 9.79 percent to $309.29 million.
    Exports fell 6.78 percent to $243.1 million. Imports fell 19.35 percent to $66.19 million.
  • Trade with No. 3 Port of Newark rose 49.67 percent to $99.78 million.
    Exports rose 30.2 percent to $14.85 million. Imports rose 53.69 percent to $84.92 million.
  • Trade with No. 4 Port of Bellingham, Wash. rose 0.06 percent to $88.34 million.
    There were no exports. Imports rose 0.06 percent to $88.34 million.
  • Trade with No. 5 Port Everglades, Fla. fell 33.55 percent to $80.45 million.
    Exports fell 39.88 percent to $63.3 million. Imports rose 8.66 percent to $17.15 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 $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Argentina by value through February were the categories of Gasoline, other fuels; Soybeans; Computers; Medical instruments for surgeons, dentists, vets; and Aircraft engines, engine parts, respectively. They accounted for 31.16 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 Silver, various forms –– accounted for 52.86 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 0.26 percent compared to last year to $189.92 million.
  • Soybeans rose 2592318 percent compared to last year to $71.03 million.
  • Computers rose 1.18 percent compared to last year to $56.49 million.
  • Medical instruments for surgeons, dentists, vets rose 153.58 percent compared to last year to $53.31 million.
  • Aircraft engines, engine parts rose 303.09 percent compared to last year to $50.02 million.

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

  • Oil rose 74.18 percent compared to last year to $171.93 million.
  • Gasoline, other fuels rose 0.44 percent compared to last year to $125.25 million.
  • Aluminum, unwrought rose 35.7 percent compared to last year to $74.72 million.
  • Wine fell 5.08 percent compared to last year to $42.31 million.
  • Silver, various forms rose 69.79 percent compared to last year to $31.87 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.