Argentina's trade surplus rose to USD 1,601 million in October of 2021 from USD 670 million in the same month a year earlier and topped market expectations of a USD 1,200 million surplus. Exports surged 46.5 percent to USD 6,848 million, boosted by sales of agroindustrial (36.8 percent), industrial manufacturing (36.8 percent), primary goods (26.8 percent), and fuels & energy (8.1 percent). Meanwhile, imports advanced at a slower 31.0 percent to USD 5,247 million, sustained by higher purchases of intermediate products (42.4 percent), parts & accessories for capital goods (18.9 percent), capital goods (16.6 percent), and consumer goods (11.5 percent), while the purchase of passenger motor vehicles plunged (-43.8 percent). source: Instituto Nacional de Estadística y Censos (INDEC)
Balance of Trade in Argentina averaged 260.29 USD Million from 1957 until 2021, reaching an all time high of 2543 USD Million in May of 2009 and a record low of -1495 USD Million in November of 2017. 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 December of 2021.
Balance of Trade in Argentina is expected to be 1400.00 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 1200.00 USD Million in 2022 and 1400.00 USD Million in 2023, according to our econometric models.