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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Argentina and United States, each channel at its own period. Left, Argentina to United States; right, United States to Argentina.

Finance to trade

positions ÷ goods, both directions
Finance to trade6.8×positions ÷ goods, both directions
Financial positions, both directions112USD bn
Goods, both directions16.6USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceArgentina → United StatesUnited States → Argentinaother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 10.1 / 6.501020Bank claims · quarterly · USD bnQ2 2026 · – / 3.30510Portfolio holdings · half-yearly · USD bnDec 2025 · 54.2 / 22.8050100Direct investment · annual · USD bn2024 · 0.6 / 31.502550Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 6.8×0.0×5.0×10×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Argentina → United States

Aug 2025–Jul 2026

exports of Argentina to United States, 12 months

Exports, 12 months10.1USD bnreported
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods United States → Argentina

Aug 2025–Jul 2026

exports of United States to Argentina, 12 months

Exports, 12 months6.5USD bnspliced
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Argentina → United States

Q2 2026

loans and deposits of banks in Argentina on residents of United States

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

United States → Argentina

Q2 2026

loans and deposits of banks in United States on residents of Argentina

Position3.3USD bn
Flow in the quarter−0.1USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Argentina → United States

Q4 2025

securities issued in United States held by investors in Argentina

Total54.2USD bn
Equity39.1USD bn
Debt securities15.1USD bn
Sources

Holder to issuer, Q4 2025.

United States → Argentina

Q4 2025

securities issued in Argentina held by investors in United States

Total22.8USD bn
Equity6.2USD bn
Debt securities16.6USD bn
Sources

Holder to issuer, Q4 2025.

Argentina → United States

2024

position of investors in Argentina in United States

Position0.6USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

United States → Argentina

2024

position of investors in United States in Argentina

Position31.5USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.