Imports to Argentina plunged 18.2 percent year-on-year to USD 5077 million in October 2018, mainly dragged by sharp falls in purchases of passenger motor vehicles (-48.2 percent), machinery (-36.6 percent), parts and accessories for capital goods (-27.2 percent) and mineral products (-17.4 percent). Imports in Argentina averaged 1586.04 USD Million from 1957 until 2018, 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 6500.00 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 6300.00 in 12 months time. In the long-term, the Argentina Imports is projected to trend around 6700.00 USD Million in 2020, according to our econometric models.