Argentina’s trade balance shifted to a USD 1183 million surplus in March 2019 from a USD 554 million gap in the same month a year earlier. It was the seventh straight monthly trade surplus, as imports plunged 33.7 percent year-on-year to USD 3953 million, as purchases declined for capital goods (-46.1 percent); intermediate goods (-21.3 percent); fuels & lubricants (-19.3 percent); consumption goods (-32.6 percent) and vehicles (-58.2 percent). By country of origin, imports dropped from Brazil (-49.9 percent) and China (-38.7 percent). Meantime, exports shrank 5.0 percent to USD 5136 million, dragged by sales of agricultural manufactures (-8.9 percent); industrial manufactures (-6.5 percent), and commodities (-0.7 percent); in contrast, sales of fuels & lubricants climbed 6.4 percent. Exports to Brazil plunged 9.8 percent, whereas sales to China climbed 3.1 percent and to the US 2.5 percent. Balance of Trade in Argentina averaged 217.93 USD Million from 1957 until 2019, 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.

Balance of Trade in Argentina is expected to be 350.00 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 -500.00 in 12 months time. In the long-term, the Argentina Balance of Trade is projected to trend around 200.00 USD Million in 2020, according to our econometric models.

Argentina Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-01-22 07:00 PM Balance of Trade $1369M $984M $425M $450M
2019-02-21 07:00 PM Balance of Trade $372M $1369M $600M $650M
2019-03-26 07:00 PM Balance of Trade $460M $372M $50M
2019-04-24 07:00 PM Balance of Trade $1183M $460M $300M
2019-05-23 07:00 PM Balance of Trade $1183M
2019-06-26 07:00 PM Balance of Trade
2019-07-25 07:00 PM Balance of Trade


Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 1183.00 460.00 2543.00 -1494.00 USD Million [+]
Current Account -2317.00 -7478.00 4297.83 -9563.00 USD Million [+]
Current Account to GDP -5.40 -4.90 8.00 -5.40 percent [+]
Imports 3953.00 4004.00 7671.00 36.00 USD Million [+]
Exports 5136.00 4464.00 8393.00 55.00 USD Million [+]
External Debt 277921.29 254979.63 277921.29 87524.40 USD Million [+]
Terms of Trade 127.20 128.90 151.40 73.60 Index Points [+]
Capital Flows -2529.11 -7332.59 7623.00 -9781.15 USD Million [+]
Foreign Direct Investment 734.77 232.31 734.77 86.19 USD Millions [+]
Tourist Arrivals 339176.00 294642.00 1851392.00 164300.00 [+]
Gold Reserves 61.70 61.70 61.74 0.28 Tonnes [+]
Crude Oil Production 498.00 495.00 855.00 454.00 BBL/D/1K [+]
Terrorism Index 1.68 0.81 2.81 0.36 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1183.00 460.00 2543.00 -1494.00 1957 - 2019 USD Million Monthly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.71 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


Related

Latest