U.S.-Argentina Trade Facts
U.S. goods and services trade with Argentina totaled $22 billion in 2011 (latest data available for goods and services trade). Exports totaled $16 billion; Imports totaled $6 billion. The U.S. goods and services trade surplus with Argentina was $10 billion in 2011.
Argentina is currently our 42nd largest goods trading partner with $14.7 billion in total (two ways) goods trade during 2012. Goods exports totaled $10.3 billion; Goods imports totaled $4.4 billion. The U.S. goods trade surplus with Argentina was $6.0 billion in 2012.
Trade in services with Argentina (exports and imports) totaled $7.5 billion in 2011 (latest data available). Services exports were $5.8 billion; Services imports were $1.7 billion. The U.S. services trade surplus with Argentina was $4.1 billion in 2011.
Argentina was the United States' 29th largest goods export market in 2012.
U.S. goods exports to Argentina in 2012 were $10.3 billion, up 4.2% ($419 million) from 2011, and up 552% from 2002.
The top export categories (2-digit HS) in 2012 were: Mineral Fuel (oil) ($2.5 billion), Machinery ($1.9 billion), Electrical Machinery ($880 million), Organic Chemicals ($794 million), and Plastic ($568 million).
U.S. exports of agricultural products to Argentina totaled $164 million in 2012. Leading categories include: planting seeds ($26 million), feeds and fodders ($10 million), and snack foods ($9 million).
U.S. exports of private commercial services* (i.e., excluding military and government) to Argentina were $5.8 billion in 2011 (latest data available), 22.6% ($1.1 billion) more than 2010 and 59% more than 2000 levels. The travel and other private services (led by business, professional and technical services and telecommunications services) categories accounted for most of U.S. services exports to Argentina.
Argentina was the United States' 53rd largest supplier of goods imports in 2012.
U.S. goods imports from Argentina totaled $4.4 billion in 2012, a 3.3% decrease ($149 million) from 2011, but up 37% from 2002.
The five largest import categories in 2012 were: Mineral Fuel and Oil ($1.1 billion), Iron/Steel Products ($411 million), Beverages (wine) ($407 million), Preserved Food (grape juice, apple juice) ($320 million), and Aluminum ($196 million).
U.S. imports of agricultural products from Argentina totaled $1.7 billion in 2012, the 18th largest supplier of Ag imports. Leading categories include: wine and beer ($403 million), fruit and vegetable juices ($226 million), vegetable oils ($107 million), and fresh fruit ($98 million).
U.S. imports of private commercial services* (i.e., excluding military and government) were $1.7 billion in 2011 (latest data available), up 12.9% ($192 million) from 2010, and up 48% from 2000 level. The other private services (led by business, professional and technical services) and the travel categories led U.S. services imports from Argentina.
The U.S. goods trade surplus with Argentina was $6.0 billion in 2012, a 11% increase ($569 million) over 2011.
The United States has a services trade surplus of $4.1 billion with Argentina in 2011 (latest data available), up 27.2% from 2010.
U.S. foreign direct investment (FDI) in Argentina (stock) was $13.3 billion in 2011 (latest data available), up 18.4% from 2010.
U.S. direct investment in Argentina is mostly in manufacturing and nonbank holding companies sectors.
Argentina FDI in the United States (stock) was not available in 2011.
Sales of services in Argentina by majority U.S.-owned affiliates were $7.3 billion in 2010 (latest data available), while sales of services in the United States by majority Argentina-owned firms were $13 million.
*NOTE: Refers to private services trade not including U.S. Military sales, direct defense expenditures, and other miscellaneous U.S. Government services.