Argentina recorded a trade surplus of 1470 USD Million in April of 2021. source: Instituto Nacional de Estadística y Censos (INDEC)

Balance of Trade in Argentina averaged 249.43 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 June of 2021.

Balance of Trade in Argentina is expected to be 900.00 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 1030.00 in 12 months time. 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.

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Argentina Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1470.00 400.00 2543.00 -1495.00 1957 - 2021 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-02-25 07:00 PM Jan $1068M $-364M $-500M
2021-03-26 07:00 PM Feb $1062M $1068M $900M $1200M
2021-04-22 07:00 PM Mar $400M $1062M $1350M $ 1120M
2021-05-27 09:00 PM Apr $1470M $400M $800M
2021-06-28 07:00 PM May $1470M $1100M
2021-07-28 07:00 PM Jun $ 900M
2021-08-25 07:00 PM Jul
2021-09-24 07:00 PM Aug

News Stream
Argentina Trade Surplus Widens in April
Argentina's trade surplus widened slightly to USD 1,470 million in April of 2021 from USD 1,455 million in the same month a year earlier, as exports jumped 41.3 percent to USD 6,143 million while imports surged 61.4 percent to USD 4,673 million.
Argentina Trade Surplus Narrows Sharply in March
Argentina's trade surplus narrowed to USD 400 million in March of 2021 from USD 1,228 million in the same month a year earlier and compared to market expectations of a USD 1,350 million surplus. Exports increased 30.5 percent to USD 5,720 millions while imports surged 68.7 percent to USD 5,320 million.
Argentina Trade Surplus Shrinks in February
Argentina's trade surplus narrowed to USD 1062 million in February 2021 from USD 1187 million in the same month of the previous year, above market expectations of USD 900 million. Exports grew 9.1 percent over a year earlier to USD 4775 million, as sales of agroindustrials jumped 41.9 percent to USD 2115 million after declining 1.4 percent in the previous month. In contrast, sales of oil & energy declined 24.8 percent and exports of primary goods dropped 10.5 percent. Meanwhile, imports increased 16.4 percent to USD 3713 million due to increases in purchases of vehicles (28.1 percent), supply goods (19.8 percent), and capital (42.4 percent), whereas imports of gasolines fell 31.1 percent.
Argentina Trade Surplus Widens
Argentina's trade surplus widened to USD 1068 million in January 2021 from USD 1044 million in the same month of the previous year. Exports grew 7.3 percent over a year earlier to USD 4912 million, as manufacturing sales surged 49.5 percent to USD 2460, whereas exports fell for primary goods (-30.0 percent), oil and energy (-1.4 percent), and agroindustrials (-1.4 percent). Meantime, imports increased 8.7 percent to USD 3844 million due to increases in purchases of supply goods (14.2 percent), capital (12.2 percent), consumption goods (3.9 percent), and vehicles (41.1 percent), more than offsetting a 14.7 percent plunge in imports of fuels & lubricants.

Argentina Balance of Trade
Argentina has recorded trade surpluses from 2001 to 2014 and in 2016, mostly due to exports of agricultural products. In 2017 and 2018, 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.