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Argentina

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U.S.-Argentina Trade Facts 

In 2016, Argentina GDP was an estimated $541.7 billion (current market exchange rates); real GDP was down by an estimated 1.8%; and the population was 44 million. (Source: IMF)

U.S. goods and services trade with Argentina totaled an estimated $24.2 billion in 2016. Exports were $17.3 billion; imports were $6.9 billion. The U.S. goods and services trade surplus with Argentina was $10.5 billion in 2016.

Argentina is currently our 37th largest goods trading partner with $13.2 billion in total (two way) goods trade during 2016. Goods exports totaled $8.6 billion; goods imports totaled $4.7 billion. The U.S. goods trade surplus with Argentina was $3.9 billion in 2016.

Trade in services with Argentina (exports and imports) totaled an estimated $11.0 billion in 2016. Services exports were $8.8 billion; services imports were $2.2 billion. The U.S. services trade surplus with Argentina was $6.5 billion in 2016.

According to the Department of Commerce, U.S. exports of goods and services to Argentina supported an estimated 88 thousand jobs in 2015 (latest data available) (37 thousand supported by goods exports and 52 thousand supported by services exports).

Exports

  • Argentina was the United States' 30th largest goods export market in 2016. 
  • U.S. goods exports to Argentina in 2016 were $8.6 billion, down 8.3% ($772 million) from 2015 but up 79% from 2006.  
  • The top export categories (2-digit HS) in 2016 were: machinery ($1.6 billion), mineral fuels ($1.4 billion), electrical machinery ($1.0 billion), aircraft ($706 million), and pharmaceuticals ($551 million). 
  • U.S. total exports of agricultural products to Argentina totaled $177 million in 2016. Leading domestic export categories include: planting seeds ($23 million), prepared food ($16 million), snack foods nesoi ($11 million), feeds & fodders nesoi ($10 million), and non-alcoholic bev. (ex. juices) ($10 million). 
  • U.S. exports of services to Argentina were an estimated $8.8 billion in 2016, 8.8% ($707 million) more than 2015, and 286% greater than 2006 levels.  Leading services exports from the U.S. to Argentina were in the travel, telecommunications, computer, and information services, and transport sectors.

Imports

  • Argentina was the United States' 44th largest supplier of goods imports in 2016. 
  • U.S. goods imports from Argentina totaled $4.7 billion in 2016, up 18% ($700 million) from 2015, and up 17% from 2006.  
  • The top import categories (2-digit HS) in 2016 were: miscellaneous chemical products ($1.2 billion), beverages (wine) ($336 million), aluminum ($332 million), mineral fuels ($259 million), and special other (returns) ($233 million). 
  • U.S. total imports of agricultural products from Argentina totaled $1.4 billion in 2016. Leading categories include: wine and beer ($333 million), other fresh fruit ($152 million), fruit & vegetable juices ($147 million), essential oils ($120 million), and tea, incl herb ($77 million). 
  • U.S. imports of services from Argentina were an estimated $2.2 billion in 2016, 8.3% ($171 million) more than 2015, and 147% greater than 2006 levels.  Leading services imports from Argentina to the U.S. were in the travel, intellectual property (movies and television programming), and transport sectors.

Trade Balance

  • The U.S. goods trade surplus with Argentina was $3.9 billion in 2016, a 27.3% decrease ($1.5 billion) over 2015. 
  • The United States has a services trade surplus of an estimated $6.5 billion with Argentina in 2016, up 8.9% from 2015.

Investment

  • U.S. foreign direct investment (FDI) in Argentina (stock) was $13.3 billion in 2015 (latest data available), a 1.7% increase from 2014. U.S. direct investment in Argentina is led by manufacturing, information, and wholesale trade. 
  • Argentina's FDI in the United States (stock) was $10 million in 2015 (latest data available), down 85.7% from 2014. 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 2014 (latest data available).