Argentina’s trade balance shifted to a USD 1373 million surplus in May 2019 from a USD 1282 million gap in the same month a year earlier. It was the ninth straight monthly trade surplus, as imports plunged 28.0 percent year-on-year to USD 4644 million, mainly dragged by lower purchases of intermediate goods (-16 percent); capital goods (-37.4 percent); consumption (-22.1 percent); and fuels & lubricants (-41.5 percent). Imports fell from Brazil (-34.8 percent), China (-23.9 percent) and the US (-12.7 percent). Meantime, exports rose 16.5 percent to USD 6017 million, boosted by higher sales of primary goods (61.1 percent); agricultural manufactures (4 percent); and fuels and energy (28.9 percent), while decreased for industrial (-0.7 percent). Exports jumped to Vietnam (192.7 percent), the US (69.9 percent) and China (68.3 percent). Balance of Trade in Argentina averaged 220.70 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 900.00 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
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Calendar GMT Actual Previous Consensus TEForecast
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 $1131M $1183M $800M
2019-06-26 07:00 PM Balance of Trade $1373M $1140M $850M $980M
2019-07-25 07:00 PM Balance of Trade $1373M $ 900M
2019-08-21 07:00 PM Balance of Trade
2019-09-25 07:00 PM Balance of Trade


Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 1373.00 1140.00 2543.00 -1494.00 USD Million [+]
Current Account -3849.43 -2157.26 4297.83 -9368.69 USD Million [+]
Current Account to GDP -5.40 -4.90 8.00 -5.40 percent [+]
Imports 4644.00 4174.00 7671.00 36.00 USD Million [+]
Exports 6017.00 5313.00 8393.00 55.00 USD Million [+]
External Debt 277921.29 254979.63 277921.29 87524.40 USD Million [+]
Terms of Trade 130.10 127.20 151.40 73.60 Index Points [+]
Capital Flows -4902.66 -1836.66 7623.00 -9626.29 USD Million [+]
Foreign Direct Investment 160.60 131.21 734.77 18.22 USD Millions [+]
Tourist Arrivals 243428.00 267608.00 1851392.00 164300.00 [+]
Gold Reserves 54.90 61.70 61.74 0.28 Tonnes [+]
Crude Oil Production 486.00 500.00 855.00 454.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1373.00 1140.00 2543.00 -1494.00 1957 - 2019 USD Million Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia 207.60 May/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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