Argentina recorded a trade deficit of USD 115 million in June of 2022, switching from a USD 1,101 million surplus in the corresponding month of 2021. Exports rose 20.3 percent to USD 8,432 million, boosted by higher sales of fuels and energy (92.8 percent), agricultural products (25.9 percent); industrial products (17.8 percent); and primary goods (1.4 percent). Meantime, imports soared at a faster 44.6 percent to USD 8,547 million, boosted by purchases of fuels and lubricants (156.6 percent), passenger motor vehicles (54 percent), parts and accessories for capital goods (32.8 percent), capital goods (29.9 percent) and intermediate products (28.8 percent). source: Instituto Nacional de Estadística y Censos (INDEC)
Balance of Trade in Argentina averaged 262.59 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 August of 2022.
Balance of Trade in Argentina is expected to be 1206.00 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 1968.00 USD Million in 2023 and 771.00 USD Million in 2024, according to our econometric models.