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Sunday, 08 November 2009   |   Last Updated: 23 July 2009

 

Argentina

argentina flagU.S.-Argentina Trade Facts

U.S. goods and services trade with Argentina totaled $14.4 billion in 2007 (latest data available). Exports totaled $8.7 billion; Imports totaled $5.7 billion. The U.S. goods and services trade surplus with Argentina was $3.0 billion in 2007.

Argentina is currently our 40th largest goods trading partner with $13.4 billion in total (two ways) goods trade during 2008. Goods exports totaled $7.5 billion; Goods imports totaled $5.8 billion. The U.S. goods trade surplus with Argentina was $1.7 billion in 2008.

Trade in services with Argentina (exports and imports) totaled $4.0 billion in 2007(latest data available). Services exports were $2.8 billion; Services imports were $1.2 billion. The U.S. services trade surplus with Argentina was $1.6 billion in 2007.

Exports

Argentina was the United States' 32nd largest goods export market in 2008.

U.S. goods exports to Argentina in 2008 were $7.5 billion, up 28.7% ($1.7 billion) from 2007, and up 69% from 1994 (the year prior to Uruguay Round).

The top export categories (2-digit HS) in 2008 were: Machinery ($1.9 billion), Electrical Machinery ($925 million), Mineral Fuel (oil) ($832 million), Organic Chemicals ($639 million), and Plastic ($401 million).

U.S. exports of agricultural products to Argentina totaled $118 million in 2008. Leading categories include: planting seeds ($24 million), processed fruit and vegetables ($10 million), and live animals ($9 million).

U.S. exports of private commercial services* (i.e., excluding military and government) to Argentina were $2.8 billion in 2007 (latest data available), 23.6% ($526 million) more than 2006 but only 12.0% ($294 million) less than 1994 levels. Other private services (led by business, professional and technical services) and travel categories accounted for most of U.S. exports in 2007.

Imports

Argentina was the United States' 45th largest supplier of goods imports in 2008.

U.S. goods imports from Argentina totaled $5.8 billion in 2008, a 29.8% increase ($1.3 billion) from 2007, and up 237% over the last 14 years.

The five largest import categories in 2008 were: Mineral Fuel and Oil ($2.1 billion), miscellaneous chemical products ($776 million), aluminum ($291 million), iron/steel products ($283 million), and preserved food ($271 million).

U.S. imports of agricultural products from Argentina totaled $1.3 billion in 2008, the 19th largest supplier of Ag imports. Leading categories include: fruit and vegetable juices ($215 million), wine and beer ($184 million), other vegetable oils ($102 million), planting seeds ($94 million), and other fresh fruit ($81 million).

U.S. imports of private commercial services* (i.e., excluding military and government) were $1.2 billion in 2007 (latest data available), up 16.9% ($180 million) from 2006, and up 117.0% ($673 million) from 1994 level. The travel category led U.S. services imports from Argentina.

Trade Balance

The U.S. goods trade surplus with Argentina was $1.7 billion in 2008, a 25.2% increase ($345 million) over 2007.

The United States has a services trade surplus of $1.5 billion with Argentina in 2007 (latest data available).

Investment

U.S. foreign direct investment (FDI) in Argentina (stock) was $14.9 billion in 2007 (latest data available), up 7.2 percent from 2006.

U.S. direct investment in Argentina is mostly in the nonbank holding companies, mining, and the manufacturing sectors.

Argentina FDI in the United States (stock) was $247 million in 2007 (latest data available), down 49.1 percent from 2006.

Sales of services in Argentina by majority U.S.-owned affiliates were $4.4 billion in 2006 (latest data available), while sales of services in the United States by majority Argentina-owned firms were $56 million.

Investment

U.S. foreign direct investment (FDI) in Argentina (stock) was $14.9 billion in 2007 (latest data available), up 7.2% from 2006.

U.S. direct investment in Argentina is mostly in the nonbank holding companies, mining, and the manufacturing sectors.

Argentina FDI in the United States (stock) was $247 million in 2007 (latest data available), down 49.1% from 2006.

The distribution of Argentina direct investment in the United States is not available for 2007.

Sales of services in Argentina by majority U.S.-owned affiliates were $4.4 billion in 2006 (latest data available), while sales of services in the United States by majority Argentina-owned firms were $56 million.

*NOTE: Refers to private services trade not including U.S. Military sales, direct defense expenditures, and other miscellaneous U.S. Government services.