Argentina's trade surplus swung to a USD 364 million deficit in December 2020 from USD 2241 million in the same month of the previous year, compared to expectations of a USD 509 million surplus. Imports surged 24.7 percent over a year earlier to USD 3908 million due to sharp increases in purchases of supply goods (31.6 percent), capital (34.3 percent), and consumption goods (9.3 percent), and vehicles (14.0 percent), more than offsetting a 44.2 percent plunge in imports of gasolines. Meanwhile, exports plunged 34.1 percent to USD 3544 million, as sales dropped for industrial manufacturing (-18.3 percent), primary goods (-45.3 percent), oil and energy (-10.0 percent), and agroindustrials (-44.2 percent). source: Instituto Nacional de Estadística y Censos (INDEC)

Balance of Trade in Argentina averaged 245.74 USD Million from 1957 until 2020, reaching an all time high of 2543 USD Million in May of 2009 and a record low of -1495 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 February of 2021.

Balance of Trade in Argentina is expected to be 200.00 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 1050.00 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.

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Argentina Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-364.00 271.00 2543.00 -1495.00 1957 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-22 07:00 PM Sep $584M $1436M $1525M $ 1500M
2020-11-24 07:00 PM Oct $612M $584M $912M $890M
2020-12-22 07:00 PM Nov $271M $612M $1059M $500M
2021-01-26 07:00 PM Dec $-364M $271M $509M $400M
2021-02-25 07:00 PM Jan $-364M $-500M
2021-03-26 07:00 PM Feb
2021-04-22 07:00 PM Mar
2021-05-27 07:00 PM Apr


News Stream
Argentina Trade Balance Swings to Deficit
Argentina's trade surplus swung to a USD 364 million deficit in December 2020 from USD 2241 million in the same month of the previous year, compared to expectations of a USD 509 million surplus. Imports surged 24.7 percent over a year earlier to USD 3908 million due to sharp increases in purchases of supply goods (31.6 percent), capital (34.3 percent), and consumption goods (9.3 percent), and vehicles (14.0 percent), more than offsetting a 44.2 percent plunge in imports of gasolines. Meanwhile, exports plunged 34.1 percent to USD 3544 million, as sales dropped for industrial manufacturing (-18.3 percent), primary goods (-45.3 percent), oil and energy (-10.0 percent), and agroindustrials (-44.2 percent).
2021-01-26
Argentina Trade Surplus Narrows Sharply
Argentina's trade surplus narrowed to USD 271 million in November 2020 from USD 2484 million in the same month of the previous year, and below expectations of a USD 1059 million surplus. Imports rebounded 20.7 percent over a year earlier to USD 4114 million due to sharp increases in purchases of supply goods (31.5 percent), capital (31.4 percent), and consumption goods (15.1 percent), and vehicles (49.1 percent), more than offsetting a 40.1 percent plunge in imports of gasolines. Meanwhile, exports plunged 25.6 percent to USD 4385 million, as sales dropped for industrial manufacturing (-40.6 percent), primary goods (-51.5 percent), oil and energy (-31.2 percent), and outweighed an increase in agroindustrials (11.0 percent).
2020-12-22
Argentina Trade Surplus Narrows More than Estimated in October
Argentina's trade surplus narrowed to USD 612 million in October 2020 from USD 1768 million in the same month of the previous year, and below expectations of a USD 912 million surplus. Imports shrank 2.8 percent over a year earlier to USD 4004 million due to lower purchases of consumption goods (-7.7 percent), capital (-10.9 percent), and gasolines (-36.3 percent). On the other hand, imports of transport material jumped 50.4 percent. Exports plunged 21.6 percent to USD 4616 million, as sales dropped for industrial manufacturing (-23.7 percent), oil and energy (-56.7 percent), primary goods (-34.4 percent), and agroindustrials (-4.2 percent).
2020-11-24
Argentina Trade Surplus Narrows in September
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).
2020-10-22

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.