Argentina’s trade deficit shifted to a USD 979 million surplus in November of 2018 compared to a USD 1494 million gap a year ago and expectations of a USD 425 million surplus. It is the largest monthly surplus since June 2014. Exports soared 14.5 percent (vs +1.4 percent in October) to USD 5344 million, mainly nudged by a 30.1 percent jump in fruits & vegetables and a 66.3 percent surge in minerals. Meantime, imports plunged 29.2 percent to USD 4365 million, after declining 18.2 percent in the previous month. Purchases fell mostly for capital goods (-46.5 percent); parts & accessories for capital goods (-40.2 percent); passenger vehicles (-52.2 percent); consumption goods (-35.2 percent) and fuels & lubricants (-21.7 percent). In contrast, imports rose 2.4 percent for intermediate goods. Balance of Trade in Argentina averaged 214.54 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 -1000.00 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 1200.00 in 12 months time. In the long-term, the Argentina Balance of Trade is projected to trend around -900.00 USD Million in 2020, according to our econometric models.

Argentina Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-26 07:00 PM Balance of Trade $-1127M $-789M $-150M $-980M
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 $979M $425M $ -1000M
2019-02-21 07:00 PM Balance of Trade
2019-03-26 07:00 PM Balance of Trade


Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 979.00 279.00 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 4365.00 5077.00 7671.00 36.00 USD Million [+]
Exports 5344.00 5355.00 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 237931.00 225342.00 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
979.00 279.00 2543.00 -1494.00 1957 - 2018 USD Million Monthly




Country Last Previous
Argentina 979.00 Nov/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 3784.00 Oct/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 3799.41 Nov/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/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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