Argentina achieved a trade surplus of USD 1,438 million in February 2024, a substantial improvement compared to the $211 million surplus in the corresponding period of the previous year. This marks the third consecutive positive trade balance following nine months of consecutive trade deficits. The surplus is attributed to an 18.6% reduction in the volume of imported goods compared to February 2023. Exports increased by 5.6%, totaling $5.531 billion, driven primarily by heightened sales of primary goods (+18.8%), agricultural products, and raw materials (+8%). Conversely, a decrease in purchasing power led to an 18.6% decrease in imports, totaling $4.093 billion. This decline was primarily driven by reduced purchases of fuels and lubricants (-73.9%), consumer goods (-19.7%), parts and accessories for capital goods (-17.2%), and intermediate goods (-12.2%). source: Instituto Nacional de EstadÃstica y Censos (INDEC)
Argentina recorded a trade surplus of 1438 USD Million in February of 2024. Balance of Trade in Argentina averaged 255.00 USD Million from 1957 until 2024, reaching an all time high of 2543.00 USD Million in May of 2009 and a record low of -1833.00 USD Million in June of 2023. This page provides the latest reported value for - Argentina Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Argentina recorded a trade surplus of 1438 USD Million in February of 2024. Balance of Trade in Argentina is expected to be -468.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Balance of Trade is projected to trend around 989.00 USD Million in 2025, according to our econometric models.