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.