Argentina’s trade deficit shifted to a USD 1369 million surplus in December of 2018 compared to a USD 786 million gap a year ago and above market expectations of a USD 425 million surplus. It was the largest trade surplus since May 2014, as exports soared 15.4 percent year-on-year (vs +14.6 percent in November) to USD 5282 million in December. Sales were mainly driven by primary products (36.9 percent); agricultural manufacturing (11.8 percent) and industrial manufacturing (9.9 percent) while exports of oil & gasoline declined (13.5 percent). Meantime, imports dropped 27.1 percent to USD 3913 million, after declining 29.2 percent in the previous month. Purchases fell for vehicles (-62.8 percent); capital goods (-38.0 percent); fuels & lubricant (-33.9 percent) and consumption goods (-33.7 percent). For the whole 2018, the trade deficit stood at USD 3820 billion, compared to a USD 8309 billion shortfall in 2017. Balance of Trade in Argentina averaged 216.09 USD Million from 1957 until 2018, reaching an all time high of 2543 USD Million in May of 2009 and a record low of -1494 USD Million in November of 2017.

Balance of Trade in Argentina is expected to be -1200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Argentina to stand at -900.00 in 12 months time. In the long-term, the Argentina Balance of Trade is projected to trend around 200.00 USD Million in 2020, according to our econometric models.

Argentina Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-23 07:00 PM Balance of Trade $314M $-1131M $150M $ -900M
2018-11-23 07:00 PM Balance of Trade $277M $314M $400M $-50M
2018-12-19 07:00 PM Balance of Trade $979M $279M $425M $520M
2019-01-22 07:00 PM Balance of Trade $1369M $984M $425M $450M
2019-02-21 07:00 PM Balance of Trade $1369M
2019-03-26 07:00 PM Balance of Trade
2019-04-24 07:00 PM Balance of Trade


Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 1369.00 979.00 2543.00 -1494.00 USD Million [+]
Current Account -7591.00 -8292.00 4297.83 -9563.00 USD Million [+]
Current Account to GDP -4.80 -2.60 8.00 -4.80 percent [+]
Imports 3913.00 4365.00 7671.00 36.00 USD Million [+]
Exports 5282.00 5349.00 8393.00 55.00 USD Million [+]
External Debt 254979.63 261482.81 261482.81 87524.40 USD Million [+]
Terms of Trade 128.90 138.20 151.40 73.60 Index Points [+]
Capital Flows -7332.59 -8416.87 7623.00 -9781.15 USD Million [+]
Foreign Direct Investment 182.29 550.88 550.88 86.19 USD Millions [+]
Tourist Arrivals 274557.00 237931.00 1851392.00 164300.00 [+]
Gold Reserves 61.70 61.70 61.74 0.28 Tonnes [+]
Crude Oil Production 492.00 484.00 855.00 454.00 BBL/D/1K [+]
Terrorism Index 0.81 0.50 2.81 0.36 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Argentina Balance of Trade

Argentina has recorded trade surpluses from 2001 to 2014, mostly due to exports of agricultural products. In 2015 and 2017, the balance returned to deficit due to slowdown in exports growth and higher imports. Main exports are: cereals, fats and oils, beef and related products and dairy products (36 percent of total exports), motor vehicles and parts (12 percent); chemicals and related products (7 percent) and crude oil and fuels (5 percent). Main imports are: intermediate goods (29 percent of total imports), parts and accessories for capital goods (20 percent), capital goods (19 percent), fuels and lubricants (13 percent) and motor vehicles (8 percent). Main trading partners are: Brazil (21 percent of total exports and 29 percent of imports), China (7 percent of exports and 14 percent of imports) and United States (5 percent of exports and 10 percent of imports). Others include: Chile, Italy and Spain. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1369.00 979.00 2543.00 -1494.00 1957 - 2018 USD Million Monthly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -55.29 Dec/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -2568800.00 Nov/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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