Imports to Argentina plunged 22.9 percent year-on-year to USD 4004 million in February 2019, as purchases declined for capital goods (-32.6 percent); intermediate goods (-9.8 percent); fuels & lubricants (-17.1 percent); consumption goods (-28.8 percent) and vehicles (-46.5 percent). By country of origin, imports dropped from Brazil (-37.1 percent), China (-33.9 percent) and Germany (-0.4 percent). Imports in Argentina averaged 1599.65 USD Million from 1957 until 2019, reaching an all time high of 7671 USD Million in August of 2011 and a record low of 36 USD Million in January of 1959.
Imports in Argentina is expected to be 5200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Argentina to stand at 5000.00 in 12 months time. In the long-term, the Argentina Imports is projected to trend around 5400.00 USD Million in 2020, according to our econometric models.