Argentina

argentina flagU.S.-Argentina Trade Facts

U.S. goods and services trade with Argentina totaled $15 billion in 2009 (latest data available for goods and services trade combined). Exports totaled $9.3 billion; Imports totaled $5.3 billion. The U.S. goods and services trade surplus with Argentina was $4.0 billion in 2009.

Argentina is currently our 43rd largest goods trading partner with $11.2 billion in total (two ways) goods trade during 2010. Goods exports totaled $7.4 billion; Goods imports totaled $3.8 billion. The U.S. goods trade surplus with Argentina was $3.6 billion in 2010.

Trade in services with Argentina (exports and imports) totaled $5.1 billion in 2009 (latest data available for services trade). Services exports were $3.7 billion; Services imports were $1.4 billion. The U.S. services trade surplus with Argentina was $2.3 billion in 2009.

Exports

Argentina was the United States' 29th largest goods export market in 2010.

U.S. goods exports to Argentina in 2010 were $7.4 billion, up 33.1% ($1.8 billion) from 2009, and up 66% from 1994 (the year prior to Uruguay Round).

The top export categories (2-digit HS) in 2010 were: Machinery ($1.6 billion), Electrical Machinery ($903 million), Mineral Fuel (oil) ($731 million), Organic Chemicals ($724 million), and Plastic ($494 million).

U.S. exports of agricultural products to Argentina totaled $135 million in 2010. Leading categories include: planting seeds ($28 million), live animals ($9 million), and snack foods ($7 million).

U.S. exports of private commercial services* (i.e., excluding military and government) to Argentina were $3.7 billion in 2009 (latest data available), 2.1% ($77 million) more than 2008 and 50% more than 1994 levels. Other private services (led by business, professional and technical services and telecommunications services) and travel categories accounted for most of U.S. exports in 2009.

Imports

Argentina was the United States' 50th largest supplier of goods imports in 2010.

U.S. goods imports from Argentina totaled $3.8 billion in 2010, a 2.2% decrease ($87 million) from 2009, but up 120% over the last 16 years.

The five largest import categories in 2010 were: Mineral Fuel and Oil ($1.2 billion), Aluminum ($297 million), Beverages (wine) ($277 million), Iron/Steel Products ($221 million), and Preserved Food ($160 million).

U.S. imports of agricultural products from Argentina totaled $1.2 billion in 2010, the 21st largest supplier of Ag imports. Leading categories include: wine and beer ($270 million), fruit and vegetable juices ($119 million), fresh fruit ($106 million), and tea (including herb) ($65 million).

U.S. imports of private commercial services* (i.e., excluding military and government) were in $ $1.4 billion in 2009 (latest data available), down 7.5% ($112 million) from 2008, but up 141% from 1994 level. The other private services (led by 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 $3.6 billion in 2009, a 114.8% increase ($1.9 billion) over 2009.

The United States has a services trade surplus of $2.3 billion with Argentina in 2009 (latest data available), up 9% from 2008.

Investment

U.S. foreign direct investment (FDI) in Argentina (stock) was $14.1 billion in 2009 (latest data available), up 12.7% from 2008.

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

Argentina FDI in the United States (stock) was $348 million in 2009 (latest data available), down 50% from 2008.

The distribution of Argentina direct investment in the United States is not available for 2008.

Sales of services in Argentina by majority U.S.-owned affiliates were $6.3 billion in 2008 (latest data available), while sales of services in the United States by majority Argentina-owned firms were $150 million.

 

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