Argentina's trade surplus narrowed sharply to USD 356 million in May of 2022 from USD 1672 million in the corresponding month of the previous year. Imports soared 48.9 percent to an all-time high of USD 7,870 million, boosted by purchases of fuels and lubricants (+226.7 percent), followed by slight increases in capital goods (40 percent), parts and accessories for capital goods (+36.9 percent); and intermediate products (36 percent). Meanwhile, exports rose 51.1 percent from a year earlier to USD 8,226 million, due to higher sales of fuels and energy (33.7 percent), agricultural products (29.4 percent); industrial products (17.6 percent); and primary goods (8.2 percent). source: Instituto Nacional de Estadística y Censos (INDEC)

Balance of Trade in Argentina averaged 263.07 USD Million from 1957 until 2022, 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 2022.

Balance of Trade in Argentina is expected to be 717.00 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 739.00 USD Million in 2023 and 753.00 USD Million in 2024, according to our econometric models.

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Argentina Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-19 07:00 PM Apr $1444M $279M $955M $459M
2022-06-22 07:00 PM May $356M $1444M $1256M $1016M
2022-07-20 07:00 PM Jun $356M $ 717M


Related Last Previous Unit Reference
Balance of Trade 356.00 1454.00 USD Million May 2022
Current Account to GDP 1.00 0.90 percent of GDP Dec 2021
Current Account 373.00 3444.00 USD Million Dec 2021
Imports 7870.00 6883.00 USD Million May 2022
Exports 8226.00 8337.00 USD Million May 2022
External Debt 266740.07 268416.30 USD Million Dec 2021
Terms of Trade 154.20 144.30 points Mar 2022
Capital Flows 191.22 2346.28 USD Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
356.00 1454.00 2543.00 -1495.00 1957 - 2022 USD Million Monthly

News Stream
Argentina Trade Surplus Narrows Sharply in May
Argentina's trade surplus narrowed sharply to USD 356 million in May of 2022 from USD 1672 million in the corresponding month of the previous year. Imports soared 48.9 percent to an all-time high of USD 7,870 million, boosted by purchases of fuels and lubricants (+226.7 percent), followed by slight increases in capital goods (40 percent), parts and accessories for capital goods (+36.9 percent); and intermediate products (36 percent). Meanwhile, exports rose 51.1 percent from a year earlier to USD 8,226 million, amid higher sales of fuels and energy (33.7 percent), agricultural products (29.4 percent); industrial products (17.6 percent); and primary goods (8.2 percent).
2022-06-22
Argentina Trade Surplus Narrows Slightly in April
Argentina's trade surplus narrowed slightly to USD 1444 million in April of 2022 from USD 1470 million in the corresponding month of the previous year. Exports rose 35.6 percent from a year earlier to USD 8,327 million, due to higher sales of agricultural manufactures (15.8 percent), primary goods (27.6 percent), primarily cereals; industrial manufacturing (64.3 percent) and fuels & energy (192.7 percent). Meanwhile, imports advanced 47.3 percent to USD 6,883 million, boosted by purchases of intermediate products (41 percent), capital goods (42.5 percent), parts & accessories for capital goods (35 percent), and fuels & lubricants (203.1 percent).
2022-05-19
Argentina Trade Surplus Narrows in March
Argentina's trade surplus narrowed to USD 279 million in March of 2022 from USD 400 million in the corresponding month of the previous year. Exports rose 28.5 percent from a year earlier to USD 7,352 million, due to higher sales of agricultural manufactures (10.5 percent), primary goods (36.8 percent); industrial manufacturing (32.3 percent) and fuels & energy (118.1 percent). Meanwhile, imports advanced 33.0 percent to USD 7,073 million, boosted by purchases of intermediate products (18.5 percent), capital goods (37.8 percent), parts & accessories for capital goods (20.3 percent), and fuels & lubricants (195.7 percent).
2022-04-20