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Argentina

argentina flagU.S.-Argentina Trade Facts

U.S. goods and services trade with Argentina totaled an estimated $22.4 billion in 2015. Exports were $16.5 billion; imports were $6.0 billion. The U.S. goods and services trade surplus with Argentina was $10.5 billion in 2015.

Argentina is currently our 38th largest goods trading partner with $13 billion in total (two way) goods trade during 2015. Goods exports totaled $9.3 billion; goods imports totaled $3.9 billion. The U.S. goods trade surplus with Argentina was $5.4 billion in 2015.

Trade in services with Argentina (exports and imports) totaled an estimated $9.2 billion in 2015. Services exports were $7.2 billion; services imports were $2.0 billion. The U.S. services trade surplus with Argentina was $5.1 billion in 2015.

According to the Department of Commerce, U.S. exports of goods and services to Argentina supported an estimated 83 thousand jobs in 2014 (latest data available) (40 thousand supported by goods exports and 43 thousand supported by services exports).

Exports

  • Argentina was the United States' 28th largest goods export market in 2015.
     
  • U.S. goods exports to Argentina in 2015 were $9.3 billion, down 14% ($1.5 billion) from 2014 but up 126% from 2005. 
     
  • The top export categories (2-digit HS) in 2015 were: machinery ($1.9 billion), mineral fuels ($1.7 billion), electrical machinery ($944 million), plastics ($568 million), and organic chemicals ($543 million).
     
  • U.S. exports of agricultural products to Argentina totaled $158 million in 2015. Leading categories include: planting seeds ($21 million), feeds & fodders  ($14 million), prepared food ($12 million), non-alcoholic bev. (ex. juices) ($10 million), and snack foods  ($7 million).
     
  • U.S. exports of services to Argentina were an estimated $7.2 billion in 2015, 6.1% ($409 million) more than 2014, and 286% greater than 2005 levels.  Based on 2014, leading services exports from the U.S. to Argentina were in the travel, transportation, and telecommunications, computer, and information services sectors.

Imports

  • Argentina was the United States' 53rd largest supplier of goods imports in 2015.
     
  • U.S. goods imports from Argentina totaled $3.9 billion in 2015, down 6.9% ($295 million) from 2014, and down 14% from 2005. 
     
  • The top import categories (2-digit HS) in 2015 were: mineral fuels ($489 million), miscellaneous chemical products ($478 million), beverages (wine) ($349 million), preserved food (lemon juice, grape juice) ($206 million), and aluminum ($200 million).
     
  • U.S. imports of agricultural products from Argentina totaled $1.5 billion in 2015, our 25th largest supplier of agricultural imports. Leading categories include: wine and beer ($348 million), fruit & vegetable juices ($165 million), other fresh fruit ($147 million), essential oils ($117 million), and other vegetable oils ($112 million). 
     
  • U.S. imports of services from Argentina were an estimated $2.0 billion in 2015, 20.0% ($335 million) more than 2014, and 156% greater than 2005 levels.  Based on 2014, leading services imports from Argentina to the U.S. were in the travel, intellectual property (movies), and professional and management services sectors.

Trade Balance

  • The U.S. goods trade surplus with Argentina was $5.4 billion in 2015, a 18.2% decrease ($1.2 billion) over 2014.
     
  • The United States has a services trade surplus of an estimated $5.1 billion with Argentina in 2015, up 1.5% from 2014.

Investment

  • U.S. foreign direct investment (FDI) in Argentina (stock) was $13.4 billion in 2014 (latest data available), a 0.2% decrease from 2013. U.S. direct investment in Argentina is led by manufacturing, information, and mining.
     
  • Argentina's FDI in the United States (stock) was $101 million in 2014 (latest data available), down 14.4% from 2013. The distribution of Argentina FDI in the United States is not available.
     
  • Sales of services in Argentina by majority U.S.-owned affiliates were $9.4 billion in 2013 (latest data available), while sales of services in the United States by majority Argentina-owned firms were $7 million.