Argentina's trade widened to USD 1411 million in April 2020 from USD 1165 million in the same month of the previous year. Imports plunged 30.1 percent over a year earlier to USD 2918 million, mainly due to lower purchases of transport material (-57.6 percent); capital (-34.9 percent), and gasolines (-47.3 percent). Meanwhile, exports fell 18.9 percent to USD 4329 million, as sales dropped for industrial manufacturing (-58.3percent), oil and energy (-33.9 percent), agroindustrials (-2.7 percent), whereas sales of primary goods climbed 10.8 percent.
Balance of Trade in Argentina averaged 237.79 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 June of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Balance of Trade in Argentina is expected to be -500.00 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 1120.00 in 12 months time. In the long-term, the Argentina Balance of Trade is projected to trend around 200.00 USD Million in 2021 and 1400.00 USD Million in 2022, according to our econometric models.