Argentina's trade surplus widened to USD 1436 million in August 2020 from USD 1168 million in the same month of the previous year, above expectations of USD 1300 million. Imports plunged 20.4 percent over a year earlier to USD 3502 million, mainly due to lower purchases of transport material (-24.5 percent); capital (-23 percent), and gasolines (-48.1 percent). Meanwhile, exports fell 11.3 percent to USD 4938 million, as sales dropped for industrial manufacturing (-26 percent), oil and energy (-30.6 percent), and agroindustrials (-12.3 percent), whereas sales of primary goods climbed 10.2 percent.
Balance of Trade in Argentina averaged 241.59 USD Million from 1957 until 2020, 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. 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 September of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Balance of Trade in Argentina is expected to be 1500.00 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 1400.00 USD Million in 2021, according to our econometric models.