Argentina

Argentina ranked No. 39 in total trade value through November with a total of $12.1 billion. Exports totaled $7.5 billion and Imports totaled $4.61 billion, a surplus of $2.89 billion.

January – November 2019

Top Trading Ports

Total Trade: $12.1 billion

RankPortTotal YTD
1Miami International Airport $2,030,381,875
2Port of Houston $1,573,178,317
3Port of New Orleans $570,134,227
4Port of New York $512,414,912
5Port of Corpus Christi, Texas $500,662,440
6Port Everglades, Fla. $487,647,143
7Port of Jacksonville, Fla. $447,851,234
8Port of Newark $420,790,019
9John F. Kennedy International Airport $412,933,756
10Port of Virginia $346,802,902

U.S. trade with Argentina rose to $12.1 billion through November

Argentina’s trade with the United States rose to $12.1 billion through the first 11 months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 11.38 percent below its total trade during the same time period last year. U.S. exports to Argentina decreased 18.72 percent while U.S. imports from Argentina rose 3.88 percent. The U.S. surplus with Argentina was $2.89 billion.

Through November, 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 of Corpus Christi, Texas. During the same period the previous year, the top five were No. 1 Miami International Airport No. 2 Port of Houston No. 3 Port of New Orleans No. 4 Port Everglades, Fla. and No. 5 Port of Jacksonville, Fla.. In the current time period, the top five accounted for 42.86 percent of Argentina’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami International Airport fell 9.33 percent to $2.03 billion.
    Exports fell 1.82 percent to $1.87 billion. Imports fell 52.31 percent to $158.82 million.
  • Trade with No. 2 Port of Houston fell 16.55 percent to $1.57 billion.
    Exports fell 23.19 percent to $1.15 billion. Imports rose 8.83 percent to $425.43 million.
  • Trade with No. 3 Port of New Orleans fell 22.25 percent to $570.13 million.
    Exports fell 21.08 percent to $522.19 million. Imports fell 33.07 percent to $47.94 million.
  • Trade with No. 4 Port of New York rose 0.69 percent to $512.41 million.
    Exports fell 19.39 percent to $251.28 million. Imports rose 32.42 percent to $261.13 million.
  • Trade with No. 5 Port of Corpus Christi, Texas rose 337.55 percent to $500.66 million.
    Exports rose 222.97 percent to $369.54 million. Imports rose 2114766 percent to $131.12 million.

Argentina ranked No. 39 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 $3.81 trillion, down 1.42 percent compared to the same period last year. The nation’s exports dropped 1.32 percent to $1.51 trillion; imports dropped 1.48 percent to $2.3 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 $786.7 billion, down compared to the same period of last year when the deficit was $800.89 billion.

The top five U.S. exports to Argentina by value through November were the categories of Gasoline, other fuels; Computers; Medicines in individual dosages; Cell phones, related equipment; and Civilian aircraft, parts, respectively. They accounted for 30.03 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 44.79 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 18.18 percent compared to last year to $1.24 billion.
  • Computers rose 0.92 percent compared to last year to $300.83 million.
  • Medicines in individual dosages fell 17.35 percent compared to last year to $266.93 million.
  • Cell phones, related equipment fell 21.1 percent compared to last year to $242.92 million.
  • Civilian aircraft, parts fell 62.75 percent compared to last year to $204.66 million.

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

  • Oil rose 29.13 percent compared to last year to $789.93 million.
  • Gasoline, other fuels fell 0.73 percent compared to last year to $396.27 million.
  • Aluminum, unwrought rose 5.47 percent compared to last year to $392.87 million.
  • Wine fell 6.88 percent compared to last year to $244.14 million.
  • Insulin, hormones and steroids rose 117.11 percent compared to last year to $239.69 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.