Argentina’s trade balance shifted to a USD 1131 million surplus in April 2019 from a USD 887 million gap in the same month a year earlier. It was the eighth straight monthly trade surplus, as imports plunged 31.6 percent year-on-year to USD 4174 million, mainly dragged by lower purchases of vehicles (-69.7 percent); capital goods (-42.3 percent); consumption (-35.2 percent); and intermediate goods (-17.1 percent). Imports fell from Brazil (-43.8 percent), China (-36.4 percent) and the US (-12.8 percent). Meantime, exports rose 1.7 percent to USD 5305 million, boosted by higher sales of primary goods (18.8 percent) and fuels and energy (5.8 percent) while decreased for agricultural manufactures (-5.6 percent) and industrial (-2.3 percent). Exports went up to China (28.4 percent) and Germany (2.7 percent), but declined to Brazil (-2.9 percent) and the US (-7.9 percent). Balance of Trade in Argentina averaged 219.15 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.