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Argentina

Argentina ranked No. 38 in total trade value through May with a total of $5.64 billion. Exports totaled $3.48 billion and Imports totaled $2.17 billion, a surplus of $1.31 billion.

January – May 2019

Top Trading Ports

Total Trade: $5.64 billion

RankPortTotal YTD
1Miami International Airport $1,036,880,336
2Port of Houston $741,625,221
3Port of New York $253,945,541
4Port of New Orleans $247,158,829
5Port Everglades, Fla. $222,827,651
6Port of Newark $221,841,178
7Port of Bellingham, Wash. $186,343,174
8Port of Jacksonville, Fla. $180,074,512
9John F. Kennedy International Airport $169,599,044
10Port of Virginia $160,260,972

U.S. trade with Argentina rose to $5.64 billion through May

Argentina’s trade with the United States rose to $5.64 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.28 percent below its total trade during the same time period last year. U.S. exports to Argentina decreased 13.1 percent while U.S. imports from Argentina rose 7.23 percent. The U.S. surplus with Argentina was $1.31 billion.

Through May, 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 York; No. 4 Port of New Orleans; 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 44.33 percent of Argentina’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami International Airport fell 4.61 percent to $1.04 billion.
    Exports rose 2.49 percent to $968.46 million. Imports fell 51.82 percent to $68.43 million.
  • Trade with No. 2 Port of Houston fell 24.34 percent to $741.63 million.
    Exports fell 26.01 percent to $585.17 million. Imports fell 17.34 percent to $156.46 million.
  • Trade with No. 3 Port of New York rose 3.88 percent to $253.95 million.
    Exports fell 24.09 percent to $112.47 million. Imports rose 46.93 percent to $141.47 million.
  • Trade with No. 4 Port of New Orleans fell 15.5 percent to $247.16 million.
    Exports fell 14.61 percent to $220.59 million. Imports fell 22.21 percent to $26.56 million.
  • Trade with No. 5 Port Everglades, Fla. fell 29.77 percent to $222.83 million.
    Exports fell 36.59 percent to $176.73 million. Imports rose 19.61 percent to $46.1 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 $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 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 $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Argentina by value through May were the categories of Gasoline, other fuels; Medical instruments for surgeons, dentists, vets; Computers; Medicines in individual dosages; and Cell phones, related equipment, respectively. They accounted for 30.41 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 49.43 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 18.93 percent compared to last year to $528.43 million.
  • Medical instruments for surgeons, dentists, vets rose 148.08 percent compared to last year to $142.53 million.
  • Computers fell 0.74 percent compared to last year to $137.21 million.
  • Medicines in individual dosages rose 4.27 percent compared to last year to $136.68 million.
  • Cell phones, related equipment fell 28.44 percent compared to last year to $112.67 million.

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

  • Oil rose 19.2 percent compared to last year to $422.92 million.
  • Gasoline, other fuels rose 13.7 percent compared to last year to $254.69 million.
  • Aluminum, unwrought rose 6.71 percent compared to last year to $178.33 million.
  • Wine fell 1.36 percent compared to last year to $115.43 million.
  • Insulin, hormones and steroids rose 59.52 percent compared to last year to $99.91 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.