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Argentina

Argentina ranked No. 38 in total trade value through March with a total of $3.36 billion. Exports totaled $2.02 billion and Imports totaled $1.34 billion, a surplus of $679.64 million.

January – March 2019

Top Trading Ports

Total Trade: $3.36 billion

RankPortTotal YTD
1Miami International Airport $649,940,700
2Port of Houston $421,759,685
3Port of Newark $158,147,885
4Port of Bellingham, Wash. $158,028,606
5Port Everglades, Fla. $132,587,320
6Port of New York $119,580,867
7Port of New Orleans $115,666,884
8John F. Kennedy International Airport $112,712,610
9Christiansted Port Terminal, U.S. Virgin Islands $103,511,432
10Port of Jacksonville, Fla. $96,848,469

U.S. trade with Argentina rose to $3.36 billion through March

Argentina’s trade with the United States rose to $3.36 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.64 percent below its total trade during the same time period last year. Argentina’s exports decreased 12.66 percent while imports rose 7.37 percent. The U.S. surplus with Argentina was $679.64 million.

Through March, 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 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 45.23 percent of Argentina’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami International Airport rose 0.41 percent to $649.94 million.
    Exports rose 7.63 percent to $610.06 million. Imports fell 50.47 percent to $39.88 million.
  • Trade with No. 2 Port of Houston fell 23.7 percent to $421.76 million.
    Exports fell 29.09 percent to $310.07 million. Imports fell 3.3 percent to $111.69 million.
  • Trade with No. 3 Port of Newark rose 68.8 percent to $158.15 million.
    Exports rose 179 percent to $52.76 million. Imports rose 40.93 percent to $105.39 million.
  • Trade with No. 4 Port of Bellingham, Wash. rose 15.97 percent to $158.03 million.
    There were no exports. Imports rose 15.97 percent to $158.03 million.
  • Trade with No. 5 Port Everglades, Fla. fell 33.56 percent to $132.59 million.
    Exports fell 39.98 percent to $106.04 million. Imports rose 16 percent to $26.55 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. 38.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Argentina by value through March were the categories of Gasoline, other fuels; Medical instruments for surgeons, dentists, vets; Computers; Medicines in individual dosages; and Soybeans, respectively. They accounted for 29.6 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; Insulin, hormones and steroids; and Wine –– accounted for 53.62 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 11.9 percent compared to last year to $288.21 million.
  • Medical instruments for surgeons, dentists, vets rose 155.13 percent compared to last year to $83.75 million.
  • Computers fell 4.79 percent compared to last year to $80.72 million.
  • Medicines in individual dosages fell 1.36 percent compared to last year to $74.31 million.
  • Soybeans rose 2595165 percent compared to last year to $71.11 million.

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

  • Oil rose 18.34 percent compared to last year to $263.12 million.
  • Gasoline, other fuels rose 22.96 percent compared to last year to $190.08 million.
  • Aluminum, unwrought rose 11.54 percent compared to last year to $124.06 million.
  • Insulin, hormones and steroids rose 18.95 percent compared to last year to $74.49 million.
  • Wine fell 5.03 percent compared to last year to $67.21 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.