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 Estadística 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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-20 07:00 PM
Balance of Trade
Jan $797M $1018M $1050M $350.0M
2024-03-19 07:00 PM
Balance of Trade
Feb $1438M $797M $1075M $850.0M
2024-04-18 07:00 PM
Balance of Trade
Mar $1438 -1037


Related Last Previous Unit Reference
Balance of Trade 1438.00 784.00 USD Million Feb 2024
Capital Flows -4386.94 -7025.26 USD Million Dec 2023
Current Account -3420.05 -5951.75 USD Million Dec 2023
Current Account to GDP -0.70 1.40 percent of GDP Dec 2022
Exports 5531.00 5398.00 USD Million Feb 2024
External Debt 283516.78 277684.04 USD Million Sep 2023
Imports 4093.00 4613.00 USD Million Feb 2024
Terms of Trade 140.60 136.90 points Dec 2023

Argentina Balance of Trade
Argentina has recorded a trade surplus of 15,99 billion in 2019 . Main exports are: cereals, fats and oils, beef and related products and dairy products (36 percent of total exports);Oilseeds and oleaginous fruits; straw and fodder, and meat and edible offal (12 percent); motor vehicles and parts (10 percent) and crude oil and fuels (5 percent). Main imports are: intermediate goods (35 percent of total imports), parts and accessories for capital goods (21 percent), capital goods (17 percent), consumer goods (13 percent), fuels and lubricants (9 percent) and motor vehicles (5 percent). Main trading partners are: Brazil (16 percent of total exports and 21 percent of imports), European Union (14 percent of exports and 14 percent of imports) China (11 percent of exports and 19 percent of imports) and United States, Mexico and Canada (8 percent of exports and 16 percent of imports). Others include: Chile, Italy and Spain.
Actual Previous Highest Lowest Dates Unit Frequency
1438.00 784.00 2543.00 -1833.00 1957 - 2024 USD Million Monthly

News Stream
Argentina Trade Records 3rd Consecutive Surplus
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%).
2024-03-19
Argentina Posts Trade Surplus for 2nd Month
Argentina recorded a trade surplus of USD 797 million in January 2024, a significant improvement from the $443 million deficit in the same period the previous year. This marked the second positive trade balance after nine consecutive months of trade deficit, attributed to a 14.3% reduction in the quantity of imported goods compared to January 2023. Outbound shipments increased by 9.6%, reaching $5.398 billion, with notable growth in sales of primary goods (+55.4%), agricultural products and raw materials (+3.1%), and fuel and energy (+10.3%). Conversely, reduced purchasing power contributed to a 14.3% decline in imports, totaling $4.601 billion, driven by decreased purchases of fuels and lubricants (-58.8%), parts and accessories for capital goods (-22.1%), capital goods (-11.8%), and intermediate goods (-5.1%).
2024-02-20
Argentina Trade Balance Swings to Surplus in December
Argentina recorded a trade surplus of USD 1,018 million in December 2023, slightly contracting from the $1,102 million surplus in the corresponding period the previous year. This marked the first positive trade balance after nine consecutive months of trade deficit and the second positive result of the year, attributed to a 16.3% decrease in the quantity of imported goods compared to December 2022. Outbound shipments decreased by 13.8%, totaling $5.273 billion, primarily driven by significant declines in sales of primary goods (-16.9%), agricultural products and raw materials (-25.1%), and fuel and energy (-12.7%). Simultaneously, reduced purchasing power led to a 15.2% drop in imports, amounting to $4.255 billion, driven by lower purchases of capital goods (-34.3%), fuels and lubricants (-27.6%), and intermediate goods (-3.4%).
2024-01-18