Argentina posted a trade surplus of USD 126 million in April of 2023 narrowing from a USD 1454 million surplus in the corresponding period of the previous year, as soaring inflation and slow growth limited the country’s exports. Exports contracted by 29.3 percent from the previous year to USD 5.891 billion, led by a sharp decline in sales of primary goods (-55.6 percent) and agricultural products and raw materials (-29.5 percent). At the same time, the country’s lower purchasing power led imports to decrease by 12.6 percent to USD 6.017 billion, with lower purchases seen for capital goods (-22.5 percent) and fuels and lubricants (-39.8 percent). source: Instituto Nacional de Estadística y Censos (INDEC)

Balance of Trade in Argentina averaged 262.30 USD Million from 1957 until 2023, reaching an all time high of 2543.00 USD Million in May of 2009 and a record low of -1495.00 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 2023.

Balance of Trade in Argentina is expected to be 318.00 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 1065.00 USD Million in 2024 and 989.00 USD Million in 2025, according to our econometric models.

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Argentina Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-20 07:00 PM Mar $-1059M $182M $-158M $26.5M
2023-05-18 07:00 PM Apr $-126M $-1059M $213M $500.0M
2023-06-21 07:00 PM May $682.0M


Related Last Previous Unit Reference
Balance of Trade -126.00 -1059.00 USD Million Apr 2023
Current Account to GDP -0.70 1.40 percent of GDP Dec 2022
Current Account 1732.00 -3165.00 USD Million Dec 2022
Imports 6.02 6782.00 USD Million Apr 2023
Exports 5891.00 5723.00 USD Million Apr 2023
External Debt 276693.92 271775.58 USD Million Dec 2022
Terms of Trade 144.80 151.40 points Mar 2023
Capital Flows 2733.59 -3227.03 USD Million Dec 2022

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
-126.00 -1059.00 2543.00 -1495.00 1957 - 2023 USD Million Monthly

News Stream
Argentina Trade Surplus Shrinks in April
Argentina posted a trade surplus of USD 126 million in April of 2023 narrowing from a USD 1454 million surplus in the corresponding period of the previous year, as soaring inflation and slow growth limited the country’s exports. Exports contracted by 29.3 percent from the previous year to USD 5.891 billion, led by a sharp decline in sales of primary goods (-55.6 percent) and agricultural products and raw materials (-29.5 percent). At the same time, the country’s lower purchasing power led imports to decrease by 12.6 percent to USD 6.017 billion, with lower purchases seen for capital goods (-22.5 percent) and fuels and lubricants (-39.8 percent).
2023-05-18
Argentina Trade Balance Swings to Deficit in March
Argentina posted a trade deficit of USD 1059 million in March of 2023 swinging from a USD 271 million surplus in the corresponding period of the previous year, as soaring inflation and slow growth limited the country’s exports. Exports contracted by 22.2 percent from the previous year to USD 5.72 billion, led by a sharp decline in sales of primary goods (-33.5 percent) and agricultural products and raw materials (-29.4 percent). At the same time, the country’s lower purchasing power led imports to decrease by 4.2 percent to USD 6.78 billion, with lower purchases seen for fuels and lubricants (-45 percent) and capital goods (-16.6 percent).
2023-04-20
Argentina Trade Surplus Narrows in February
Argentina’s trade surplus narrowed to USD 182 million in February of 2023 from USD 818 million in the corresponding period of the previous year, as soaring inflation and slow growth limited the country’s exports. Exports contracted by 18.9 percent from the previous year to USD 5.23 billion, with sales declining sharply for agricultural products and raw materials (-33.6 percent), agricultural manufacturing goods (-16.4 percent), and other kinds of manufacturing goods (-14.4 percent). In the meantime, the country’s lower purchasing power led imports to decrease by 10.4 percent to USD 5.05 billion, with lower purchases seen for fuels and lubricants (-29.6 percent) and intermediate goods (-9.7 percent).
2023-03-21