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Argentina

Argentina ranked No. 38 in total trade value through July with a total of $8.08 billion. Exports totaled $5.03 billion and Imports totaled $3.05 billion, a surplus of $1.99 billion.

January – July 2019

Top Trading Ports

Total Trade: $8.08 billion

RankPortTotal YTD
1Miami International Airport $1,377,521,785
2Port of Houston $1,081,646,129
3Port of New Orleans $418,858,875
4Port of New York $333,305,611
5Port Everglades, Fla. $314,115,899
6Port of Corpus Christi, Texas $295,019,831
7Port of Newark $276,402,771
8Port of Jacksonville, Fla. $266,750,785
9John F. Kennedy International Airport $262,683,332
10Port of Virginia $222,584,744

U.S. trade with Argentina rose to $8.08 billion through July

Argentina’s trade with the United States rose to $8.08 billion through the first seven months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.08 percent below its total trade during the same time period last year. U.S. exports to Argentina decreased 11.39 percent while U.S. imports from Argentina rose 11.03 percent. The U.S. surplus with Argentina was $1.99 billion.

Through July, 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 43.65 percent of Argentina’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami International Airport fell 8.32 percent to $1.38 billion.
    Exports fell 0.61 percent to $1.29 billion. Imports fell 56.68 percent to $89.54 million.
  • Trade with No. 2 Port of Houston fell 14.28 percent to $1.08 billion.
    Exports fell 18.5 percent to $824.96 million. Imports rose 2.85 percent to $256.68 million.
  • Trade with No. 3 Port of New Orleans rose 11.61 percent to $418.86 million.
    Exports rose 15 percent to $382.38 million. Imports fell 14.73 percent to $36.48 million.
  • Trade with No. 4 Port of New York rose 1.37 percent to $333.31 million.
    Exports fell 22.64 percent to $157.14 million. Imports rose 40.18 percent to $176.16 million.
  • Trade with No. 5 Port Everglades, Fla. fell 28.77 percent to $314.12 million.
    Exports fell 34.07 percent to $255.79 million. Imports rose 10.01 percent to $58.32 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 $2.41 trillion, down 0.06 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $956.44 billion; imports climbed 0.38 percent to $1.45 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 $498.31 billion, up compared to the same period of last year when the deficit was $485.95 billion.

The top five U.S. exports to Argentina by value through July were the categories of Gasoline, other fuels; Computers; Petroleum gases, other gaseous hydrocarbons; Medicines in individual dosages; and Medical instruments for surgeons, dentists, vets, respectively. They accounted for 30.28 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 49.59 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 18.71 percent compared to last year to $801.28 million.
  • Computers fell 0.72 percent compared to last year to $200.04 million.
  • Petroleum gases, other gaseous hydrocarbons rose 66.98 percent compared to last year to $191.98 million.
  • Medicines in individual dosages fell 9.34 percent compared to last year to $168.36 million.
  • Medical instruments for surgeons, dentists, vets rose 107.52 percent compared to last year to $162.05 million.

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

  • Oil rose 48.45 percent compared to last year to $614.32 million.
  • Gasoline, other fuels rose 23.14 percent compared to last year to $310.18 million.
  • Aluminum, unwrought rose 6.13 percent compared to last year to $263.8 million.
  • Wine fell 1.2 percent compared to last year to $161.41 million.
  • Insulin, hormones and steroids rose 84.36 percent compared to last year to $160.61 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.