Argentina's trade surplus narrowed to USD 584 million in September 2020 from USD 1744 million in the same month of the previous year, well below expectations of USD 1525 million. Imports surprisingly climbed 3.1 percent over a year earlier to USD 4127 million, mainly due to lower purchases of transport material (+11.4 percent); consumption goods (+10.9 percent), and capital (+9.4 percent). Meanwhile, exports plunged 18 percent to USD 4711 million, as sales dropped for industrial manufacturing (-19.4 percent), oil and energy (-35.1 percent), primary goods (-29.8 and) agroindustrials (-5 percent). Declines were led by sales to China (-65 percent) and the US (-28.8 percent). source: Instituto Nacional de Estadística y Censos (INDEC)
Balance of Trade in Argentina averaged 241.59 USD Million from 1957 until 2020, 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. 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 October of 2020.
Balance of Trade in Argentina is expected to be 1500.00 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 900.00 in 12 months time. In the long-term, the Argentina Balance of Trade is projected to trend around 1400.00 USD Million in 2021, according to our econometric models.