Trade in goods with USA SITC (Standard International Trade Classification)
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Argentina trade flows with USA by SITC*) product sections during 2020/3 - 2020/7

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2020/3
%		2020/4
%		2020/5
%		2020/6
%		2020/7
%
Export0.40.40.50.50.4
Import0.20.20.20.20.2
Trade in Goods0.30.20.30.30.3

USA's foreign trade with Argentina, exports to Argentina and imports from Argentina in Juli 2020


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In Juli Argentina was USA's 40. largest foreign trade partner. $891 million worth of trade was 29.5 per cent lower than in Juli of the previous year. During the month, the balance of trade with Argentina was $112 million of surplus.

The value of imports from Argentina decreased by 22.6 per cent compared to in Juli of the previous year, thus amounting to $390 million in Juli 2020. Major product categories of imports from Argentina were Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude), representing 28.5 percent of imports, Sitc971 (gold,non-monetary) 12.3 % and Sitc036 (crustaceans, molluscs and aquatic invertebrates, whether in shell or not, fresh (live or dead), chilled, frozen, dried, salted or in brine; crustaceans, in shell, cooked by steaming or boiling in water, whether or not chilled, frozen, dried, salted o) 6.5 % of the imports.

The value of exports to Argentina amounted to more than a third lower relative to the previous year's Juli, thus amounting to $501 million in Juli 2020. The largest product groups of exports were: Sitc334 (petroleum oils and oils obtained from bituminous minerals (other than crude); preparations, n.e.s., containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the prepar), which represented a share of 10.2 per cent of total exports, Sitc752 (automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s.) 8.4 % and Sitc764 (telecommunications equipment, n.e.s., and parts, n.e.s., and accessories of apparatus falling within division 76) 4.3 % of the exports.

Development during January-Juli 2020

During January-Juli, trade in goods between the two countries declined sharply (-29.6 %) over the same period last year. The value of the trade was $5.7 billion. During January-Juli the value of imports was $2.3 billion. The export value was $3.4 billion. Compared to the corresponding period in 2019, the value of both imports and exports decreased significantly. The decline in imports was -22.7 % and in the value of exports -33.7 %. The largest value in imports was in Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude), worth $222 million. In export the largest value had Sitc334 (petroleum oils and oils obtained from bituminous minerals (other than crude); preparations, n.e.s., containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the prepar), worth being $433 million. The trade balance between USA and Argentinan between January and Juli was in surplus for USA. The timing surplus was $1.1 billion.


Table: USA's export to Argentina (AR) during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 8,9 1.6 5,3 1.5 6,5 1.5 3,4 0.7 7,7 1.5
00. Live animals 0,1 0.0 0,4 0.1 0,3 0.1 0,1 0.0 1,0 0.2
03. Fish and fish preparations 0 0.0 0 0.0 0 0.0 0 0.0 0,9 0.2
04. Cereals and cereal preparations 1,0 0.2 0,1 0.0 0,6 0.1 0,1 0.0 0,6 0.1
05. Vegetables and fruit 1,8 0.3 1,7 0.5 1,7 0.4 0,10 0.2 2,3 0.4
07. Coffee,tea,cocoa,spices 3,2 0.6 0,3 0.1 0,6 0.1 0,2 0.0 0,2 0.0
09. Miscellaneous edible products and preparations 2,2 0.4 2,1 0.6 2,8 0.7 1,6 0.3 2,1 0.4
1. Beverages and tobacco 1,1 0.2 0,5 0.1 0,4 0.1 0,6 0.1 0,5 0.1
11. Beverages 0,10 0.2 0,5 0.1 0,4 0.1 0,6 0.1 0,4 0.1
2. Crude materials,inedible,except fuels 8,7 1.6 4,7 1.3 4,10 1.2 4,10 1.0 6,7 1.3
23. Crude rubber (incl.synthetic) 3,2 0.6 0,9 0.2 0,5 0.1 0,4 0.1 1,2 0.2
25. Pulp and waste paper 0,5 0.1 0,6 0.2 0,9 0.2 0,5 0.1 2,3 0.4
27. Crude fertilizers and crude minerals 2,10 0.5 1,3 0.3 0,3 0.1 0,6 0.1 0,9 0.2
29. Crude animal,vegetable materials n.e.s. 2,1 0.4 1,9 0.5 3,3 0.8 3,5 0.7 2,1 0.4
3. Mineral fuels etc 107,4 19.2 31,2 8.8 5,2 1.2 96,4 19.1 77,4 15.4
32. Coal,coke and briquettes 4,6 0.8 0 0.0 0,1 0.0 0,1 0.0 6,4 1.3
33. Petroleum and products 102,8 18.4 31,2 8.8 5,2 1.2 75,3 14.9 51,4 10.2
34. Gas,natural and manufactured 0 0.0 0 0.0 0 0.0 21,2 4.2 19,6 3.9
5. Chemicals and related products,n.e.s. 185,5 33.1 150,4 42.3 167,6 39.4 180,3 35.7 159,9 31.9
51. Organic chemicals 40,10 7.3 39,10 11.2 49,9 11.7 36,5 7.2 44,8 8.9
52. Inorganic chemicals 3,1 0.5 1,5 0.4 3,2 0.7 3,10 0.8 3,6 0.7
53. Dyeing,tanning and colouring material 5,3 0.9 4,7 1.3 4,5 1.1 2,10 0.6 2,4 0.5
54. Medicinal and pharmaceutical products 28,5 5.1 33,9 9.5 31,5 7.4 35,2 6.9 22,3 4.4
55. Perfume,cleaning etc.preparations 9,2 1.6 7,9 2.2 10,0 2.3 8,6 1.7 7,1 1.4
56. Fertilizers,manufactured 12,4 2.2 14,1 4.0 16,7 3.9 36,2 7.1 17,3 3.4
57. Plastics in primary forms 31,3 5.6 23,6 6.6 26,5 6.2 22,8 4.5 21,6 4.3
58. Plastics in non-primary forms 4,4 0.8 4,1 1.2 3,6 0.8 2,10 0.6 2,8 0.5
59. Chemical materials and products,n.e.s. 50,6 9.0 20,8 5.8 22,1 5.2 31,6 6.2 38,4 7.6
6. Basic manufactures 26,0 4.6 12,7 3.6 12,4 2.9 16,6 3.3 14,3 2.8
62. Rubber manufactures,n.e.s. 2,2 0.4 1,5 0.4 1,8 0.4 2,3 0.4 2,5 0.5
64. Paper,paperboard and articles thereof 2,8 0.5 1,10 0.5 2,6 0.6 1,9 0.4 2,0 0.4
65. Textile yarn,fabrics,made up articles,etc. 5,9 1.0 1,3 0.4 1,10 0.4 1,6 0.3 2,8 0.5
66. Non-metallic mineral manufactures,n.e.s. 2,4 0.4 1,0 0.3 0,9 0.2 1,7 0.3 1,0 0.2
67. Iron and steel 3,9 0.7 1,1 0.3 0,7 0.2 1,3 0.2 1,2 0.2
68. Non-ferrous metals 0,5 0.1 0,6 0.2 0,4 0.1 0,4 0.1 0,4 0.1
69. Manufactures of metals,n.e.s. 8,4 1.5 5,4 1.5 4,1 0.9 7,2 1.4 4,6 0.9
7. Machinery,transport equipment 171,1 30.6 114,9 32.3 179,8 42.3 159,3 31.5 186,8 37.2
71. Power generating machinery and equipment 15,10 2.8 6,9 1.9 22,1 5.2 20,9 4.1 19,5 3.9
72. Machinery for specialized industries 22,6 4.0 11,10 3.4 14,5 3.4 7,6 1.5 11,3 2.2
73. Metal working machinery 1,8 0.3 1,5 0.4 0,6 0.1 0,9 0.2 1,3 0.2
74. General industrial machinery n.e.s. 31,8 5.7 23,10 6.7 27,1 6.4 22,1 4.4 30,7 6.1
75. Office machines and adp machines 32,3 5.8 24,6 6.9 53,8 12.6 45,0 8.9 60,6 12.1
76. Telecommunications and sound recording equipment 17,4 3.1 16,8 4.7 17,7 4.2 18,8 3.7 22,10 4.6
77. Electric machinery,n.e.s.and parts 22,2 4.0 18,3 5.1 22,7 5.3 31,1 6.1 20,2 4.0
78. Road vehicles 16,2 2.9 7,4 2.1 3,2 0.7 5,9 1.2 14,3 2.9
79. Other transport equipment 11,2 2.0 3,9 1.1 18,6 4.4 7,4 1.4 6,4 1.3
8. Miscellaneous manufactured articles 32,7 5.8 26,4 7.4 28,2 6.6 30,2 6.0 33,0 6.6
82. Furniture and parts thereof 1,2 0.2 0,1 0.0 0,2 0.0 0,3 0.1 0,6 0.1
84. Articles of apparel and clothing accessories 0,2 0.0 0,2 0.0 0,6 0.1 0,5 0.1 1,1 0.2
87. Instruments and apparates n.e.s. 18,2 3.3 16,7 4.7 14,7 3.4 15,6 3.1 16,1 3.2
88. Photographic equipment,optical goods etc. 1,9 0.3 1,4 0.4 1,4 0.3 1,5 0.3 1,5 0.3
89. Miscellaneous manufactured articles,n.e.s. 11,1 2.0 7,7 2.2 11,3 2.6 12,3 2.4 13,8 2.7
9. Goods not classified elsewhere 18,4 3.3 9,5 2.7 20,3 4.8 14,1 2.8 15,5 3.1
93. Special transactions and commodities not classified 2,8 0.5 0,1 0.0 10,2 2.4 1,3 0.2 2,10 0.6
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 15,6 2.8 9,4 2.6 10,2 2.4 12,9 2.5 12,6 2.5
0-9. All groups combined 559,5 100.0 355,3 100.0 425,1 100.0 505,5 100.0 501,5 100.0

Source: US Census Bureau

Table: Import from Argentina (AR) to USA during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 109,3 37.3 100,7 39.5 95,4 32.3 81,3 20.5 102,8 26.4
01. Meat and meat preparations 5,1 1.7 6,9 2.7 6,4 2.1 3,7 0.9 14,3 3.6
02. Dairy products and birds' eggs 0,5 0.1 0,8 0.3 0,1 0.0 0,7 0.2 1,3 0.3
03. Fish and fish preparations 24,5 8.3 28,1 11.0 19,9 6.7 18,1 4.6 30,0 7.7
04. Cereals and cereal preparations 29,8 10.2 13,7 5.3 9,2 3.1 2,2 0.5 5,6 1.4
05. Vegetables and fruit 32,1 11.0 24,7 9.7 35,9 12.1 35,9 9.0 38,5 9.9
06. Sugars,sugar preparations and honey 9,4 3.2 21,4 8.4 12,1 4.1 14,5 3.7 9,1 2.3
07. Coffee,tea,cocoa,spices 5,6 1.9 4,7 1.8 8,1 2.7 4,1 1.0 3,4 0.9
08. Feeding stuff for animals 0,6 0.2 0,2 0.1 3,6 1.2 0,7 0.2 0,5 0.1
09. Miscellaneous edible products and preparations 1,5 0.5 0,3 0.1 0,2 0.0 1,5 0.4 0,3 0.1
1. Beverages and tobacco 29,0 9.9 20,8 8.1 28,7 9.7 23,9 6.0 12,5 3.2
11. Beverages 26,4 9.0 19,9 7.8 28,2 9.5 23,5 5.9 9,8 2.5
12. Tobacco and tobacco manufactures 2,7 0.9 0,9 0.3 0,6 0.2 0,5 0.1 2,7 0.7
2. Crude materials,inedible,except fuels 10,7 3.6 10,10 4.3 12,9 4.3 22,6 5.7 18,6 4.8
22. Oil seeds,oleaginous fruits 3,5 1.2 4,7 1.8 8,7 2.9 15,2 3.8 11,10 3.1
23. Crude rubber (incl.synthetic) 0,9 0.3 0,3 0.1 0,1 0.0 0,1 0.0 0,5 0.1
24. Cork and wood 3,4 1.1 3,0 1.2 3,5 1.2 5,2 1.3 4,7 1.2
29. Crude animal,vegetable materials n.e.s. 2,7 0.9 2,9 1.1 0,5 0.2 1,9 0.5 1,0 0.3
3. Mineral fuels etc 9,5 3.2 21,7 8.5 56,8 19.2 48,7 12.3 131,4 33.7
33. Petroleum and products 9,5 3.2 21,7 8.5 56,8 19.2 48,7 12.3 131,4 33.7
4. Animal and vegetable oils and fats 0,6 0.2 0,8 0.3 3,6 1.2 4,7 1.2 3,6 0.9
42. Fixed vegetable fats and oils 0,6 0.2 0,5 0.2 3,2 1.1 4,4 1.1 3,4 0.9
5. Chemicals and related products,n.e.s. 66,1 22.5 16,9 6.6 39,3 13.3 101,8 25.7 18,1 4.6
51. Organic chemicals 4,9 1.6 4,2 1.6 2,10 1.0 2,5 0.6 3,6 0.9
52. Inorganic chemicals 3,7 1.3 5,4 2.1 4,7 1.6 5,3 1.3 6,8 1.7
53. Dyeing,tanning and colouring material 1,1 0.4 0,3 0.1 0,6 0.2 0,4 0.1 0,3 0.1
54. Medicinal and pharmaceutical products 46,9 16.0 1,1 0.4 24,7 8.3 88,0 22.2 3,3 0.8
55. Perfume,cleaning etc.preparations 2,6 0.9 0,9 0.3 3,4 1.1 3,1 0.8 0,10 0.2
57. Plastics in primary forms 2,8 0.9 1,7 0.7 0,8 0.3 0,7 0.2 0,7 0.2
58. Plastics in non-primary forms 0,3 0.1 0,9 0.3 0,5 0.1 0,9 0.2 0,2 0.0
59. Chemical materials and products,n.e.s. 4,2 1.4 2,6 1.0 1,10 0.6 1,2 0.3 2,6 0.7
6. Basic manufactures 22,7 7.7 63,5 24.9 46,7 15.8 59,4 15.0 36,7 9.4
61. Leather,dressed fur,etc. 3,3 1.1 1,1 0.4 0,7 0.2 0,7 0.2 0,7 0.2
62. Rubber manufactures,n.e.s. 2,7 0.9 4,2 1.6 1,5 0.5 1,1 0.3 4,6 1.2
63. Wood and cork manufactures 1,6 0.5 1,8 0.7 1,2 0.4 2,2 0.5 1,9 0.5
64. Paper,paperboard and articles thereof 1,3 0.4 0,10 0.4 2,0 0.7 2,5 0.6 2,8 0.7
66. Non-metallic mineral manufactures,n.e.s. 0,3 0.1 0,2 0.1 0,3 0.1 0,6 0.1 0,4 0.1
67. Iron and steel 0,6 0.2 1,6 0.6 0,9 0.3 2,2 0.5 0,9 0.2
68. Non-ferrous metals 11,8 4.0 52,3 20.5 38,5 13.0 48,8 12.3 23,4 6.0
69. Manufactures of metals,n.e.s. 1,3 0.4 1,4 0.5 1,8 0.6 1,6 0.4 2,3 0.6
7. Machinery,transport equipment 7,6 2.6 6,2 2.4 4,10 1.7 7,6 1.9 8,0 2.0
71. Power generating machinery and equipment 1,7 0.6 1,6 0.6 1,4 0.5 1,3 0.3 1,8 0.4
72. Machinery for specialized industries 0,4 0.1 0,7 0.3 0,3 0.1 0,9 0.2 0,8 0.2
73. Metal working machinery 1,2 0.4 0,5 0.2 0,8 0.3 0,4 0.1 0,8 0.2
74. General industrial machinery n.e.s. 3,8 1.3 3,3 1.3 2,3 0.8 4,2 1.1 3,8 1.0
8. Miscellaneous manufactured articles 2,3 0.8 1,7 0.7 1,5 0.5 2,1 0.5 2,9 0.7
82. Furniture and parts thereof 0,6 0.2 0,2 0.1 0,1 0.0 0,4 0.1 0,4 0.1
89. Miscellaneous manufactured articles,n.e.s. 0,10 0.3 1,0 0.4 0,5 0.2 1,2 0.3 1,9 0.5
9. Goods not classified elsewhere 35,8 12.2 12,1 4.7 5,9 2.0 44,8 11.3 55,6 14.3
93. Special transactions and commodities not classified 10,3 3.5 2,1 0.8 5,3 1.8 31,5 7.9 6,8 1.7
97. Gold,non-monetary 24,7 8.4 9,5 3.7 0 0.0 12,6 3.2 48,1 12.3
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 0,8 0.3 0,7 0.3 0,7 0.2 0,8 0.2 0,9 0.2
0-9. All groups combined 292,9 100.0 254,9 100.0 295,3 100.0 396,4 100.0 389,9 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2020 January - Juli (Sitc)

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