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Argentina

argentina flagU.S.-Argentina Trade Facts

U.S. goods and private services trade with Argentina totaled an estimated $23 billion in 2012 (latest data available). Exports totaled an estimated $17 billion; Imports totaled $6 billion. The U.S. goods and services trade surplus with Argentina was $10 billion in 2012.

Argentina is currently our 41st largest goods trading partner with $14.8 billion in total (two ways) goods trade during 2013. Goods exports totaled $10.2 billion; Goods imports totaled $4.6 billion. The U.S. goods trade surplus with Argentina was $5.6 billion in 2013.

Trade in private services with Argentina (exports and imports) totaled an estimated $8.3 billion in 2012 (latest data available). Services exports were $6.4 billion; Services imports were $1.9 billion. The U.S. services trade surplus with Argentina was $4.5 billion in 2012.

Exports

Argentina was the United States' 31st largest goods export market in 2013.

U.S. goods exports to Argentina in 2013 were $10.2 billion, down 0.7% ($67 million) from 2012, but up 319% from 2003.  

The top export categories (2-digit HS) in 2013 were: Mineral Fuel (oil) ($2.2 billion), Machinery ($2.0 billion), Electrical Machinery ($847 million), Organic Chemicals ($756 million), and Plastic ($581 million).

U.S. exports of agricultural products to Argentina totaled $158 million in 2013. Leading categories include: planting seeds ($22 million), prepared food ($15 million) and feeds and fodders ($12 million).

U.S. exports of private commercial services (i.e., excluding military and government) to Argentina were $6.4 billion in 2012 (latest data available), 11.1% ($626 million) more than 2011 and 297% more than 2002 levels. Other private services (telecom), and travel categories accounted for most of U.S. services exports to Argentina.

Imports

Argentina was the United States' 50th largest supplier of goods imports in 2013. 

U.S. goods imports from Argentina totaled $4.6 billion in 2013, a 6.7% increase ($291 million) from 2012, and up 46% from 2003.  

The five largest import categories in 2013 were: Mineral Fuel (oil) ($643 million), Miscellaneous Chemical Products ($426 million), Iron and Steel Products ($410 million), Beverages (wine) ($383 million), Cereals (corn) ($370 million).

U.S. imports of agricultural products from Argentina totaled $1.8 billion in 2013, the 17th largest supplier of Ag imports. Leading categories include: wine and beer ($379 million), fruit and vegetable juices ($229 million), planting seeds ($179 million), and coarse grains ($176 million).

U.S. imports of private commercial services* (i.e., excluding military and government) were $1.9 billion in 2012 (latest data available), up 11.1% ($191 million) from 2011, and up 241% from 2002 level. The other private services (business, professional and technical services), and the travel categories led U.S. services imports from Argentina. 

Trade Balance

The U.S. goods trade surplus with Argentina was $5.6 billion in 2013, a 6.1% decrease ($358 million) over 2012.

The United States has a services trade surplus of $4.5 billion with Argentina in 2012 (latest data available), up 10.7% from 2011.  

Investment

U.S. foreign direct investment (FDI) in Argentina (stock) was $14.4 billion in 2012 (latest data available), up 6.7% from 2011. 

U.S. direct investment in Argentina is mostly in manufacturing and finance sectors.

Argentina FDI in the United States (stock) was $209 in 2012 (latest data available), down 22.0% from 2011.

 

Sales of services in Argentina by majority U.S.-owned affiliates were $8.1 billion in 2011 (latest data available), while sales of services in the United States by majority Argentina-owned firms were $49 million.


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