Argentina's trade surplus widened to USD 2445 million in November 2019 from USD 987 million in the same month of 2018. It was the largest trade surplus since May 2009, as exports jumped 9.4 percent over a year earlier to USD 5854 million, as sales of primary goods (36.1 percent) and agricultural manufactures (9.4 percent) more than offset declines for industrial (-3.8 percent) and fuels (-30.2 percent). Among major trading partners, exports to China soared 39.6 percent to USD 924 million, whereas those to Brazil declined 9.9 percent to USD 934 million. Notably, sales to India surged 482.9 percent to USD 204 million. Meantime, imports slumped 21.9 percent to USD 3409 million, due to lower purchases of intermediate goods (-29.0 percent), capital (-16.5 percent), consumption goods (-14.5 percent), fuels & lubricants (-19.9 percent), and vehicles (-58.5 percent). Imports fell from China (-24.3 percent), the US (-38.3 percent) and Brazil (-17.9 percent). Balance of Trade in Argentina averaged 226.88 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. 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 200.00 in 12 months time. In the long-term, the Argentina Balance of Trade is projected to trend around 400.00 USD Million in 2020, according to our econometric models.


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Argentina Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2445.00 1768.00 2543.00 -1494.00 1957 - 2019 USD Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-25 07:00 PM Aug $1168M $951M $790M $730M
2019-10-22 07:00 PM Sep $1744M $1168M $1300M $ 1200M
2019-11-21 07:00 PM Oct $1768M $1744M $1647M $1500M
2019-12-23 07:00 PM Nov $2445M $1768M $1780M
2020-01-23 07:00 PM Dec $2445M $2018M $ 1800M


News Stream
2019-11-21
Argentina Posts Largest Trade Surplus Since 2012
Argentina's trade surplus widened to USD 1768 million in October 2019 from USD 325 million in the same month of 2018 and beating consensus of a USD 1647 million surplus. It was the largest trade surplus since April 2012, as exports jumped 9.1 percent over a year earlier to USD 5889 million, as sales of primary goods (45.5 percent) and agricultural manufactures (10 percent) more than offset declines for industrial (-10 percent) and fuels (-8.5 percent). Among major trading partners, exports to China soared 90.2 percent to USD 966 million, whereas those to Brazil declined 1.5 percent to USD 941 million. Meantime, imports slumped 18.8 percent to USD 4121 million, due to lower purchases of intermediate goods (-21.8 percent), capital (-12 percent), consumption goods (-22.4 percent), fuels & lubricants (-43.5 percent), and vehicles (-52.9 percent). Imports fell from China (-38.3 percent), the US (-30.9 percent) and Brazil (-26.7 percent).

2019-10-22
Argentina Posts Largest Trade Surplus in Over 7 Years
Argentina's trade surplus widened to USD 1744 million in September 2019 from USD 314 million in the corresponding month of the previous year and beating market expectations of a USD 1300 million surplus. It was the largest trade surplus since April 2012, as exports jumped 14.1 percent over a year earlier to USD 5746 million, boosted by sales of primary goods (70.2 percent), agricultural manufactures (4.8 percent), and industrial (5.9 percent). Among major trading partners, exports rose to China (150.6 percent), Vietnam (55 percent), Netherlands (54.7 percent) and Indonesia (39.3 percent). Meantime, imports slumped 14.9 percent to USD 4002 million, due to lower purchases of intermediate goods (-9.1 percent), parts & accessories for capital goods (-4.1 percent), consumption (-17.4 percent), capital (-18.6 percent), vehicles (-30 percent) and fuels & lubricants (-33.6 percent). Imports fell from China (-3.8 percent), Brazil (-15.8 percent), and the US (-30.5 percent).

2019-09-25
Argentina Trade Balance Swing to Surplus
Argentina's trade balance shifted to a USD 1168 million surplus in August 2019 from a USD 1131 million deficit in the same month a year ago and beating market expectations of a USD 790 million surplus. It was the twelfth straight monthly trade surplus, as exports rose 7.5 percent year-on-year to USD 5568 million, boosted by sales of primary products (38.6 percent) and fuels & energy (-48.3 percent). In contrast, exports of industrial goods declined 8.0 percent. Meantime, imports slumped 30.3 percent to USD 4400 million, amid lower purchases of capital goods (-32-0 percent); intermediate goods (-22.1 percent); fuels & lubricants (-45.3 percent); parts & accessories for capital goods (-15.4 percent); consumption goods (-33.5percent) and vehicles (-61.6 percent).

2019-08-21
Argentina Trade Balance Swings to Surplus in July
Argentina posted a trade surplus of USD 951 mIllion in July 2019 compared to a USD 772 million deficit in the same month a year ago and beating market expectations of a USD 684 million surplus. It is the eleventh straight monthly trade surplus, as exports rose 8.3 percent year-on-year to USD 5,856 million, boosted by sales of primary products (56.2 percent); agricultural manufactures (9.5 percent). Meanwhile, those of industrial manufactures (-17.8 percent) and fuels & energy (-6.3 percent) decreased. Imports slumped 20.5 percent to USD 4,905 million, amid lower purchases of capital goods (-25.3 percent); intermediate goods (-8.3 percent); fuels & lubricants (-40.4 percent); parts & accessories for capital goods (-4.6 percent); consumption goods (-24.9 percent) and vehicles (-49.3 percent).

2019-07-25
Argentina Trade Balance Swings to Surplus
Argentina’s trade balance shifted to a USD 1061 million surplus in June 2019 from a USD 322 million gap in the same month a year earlier. It was the tenth straight monthly trade surplus, as imports plunged 23.5 percent year-on-year to USD 4174 million, mainly dragged by lower purchases of vehicles (-59.8 percent); fuels (-32.2 percent); consumption goods (-24.5 percent); and capital goods (-24.1 percent). Meantime, exports rose 1.9 percent to USD 5136 million, boosted by higher sales of agricultural manufactures (12.1 percent); fuels & energy (33.6 percent); and primary products (22.4 percent) while industrial manufactures fell (-11.9 percent).

2019-06-26
Argentina Trade Balance Swings to Surplus in May
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).


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.

Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 2445.00 1768.00 2543.00 -1494.00 USD Million [+]
Current Account -1052.06 -1913.53 4297.83 -9425.71 USD Million [+]
Current Account to GDP -5.40 -4.90 8.00 -5.40 percent [+]
Imports 3409.00 4121.00 7671.00 36.00 USD Million [+]
Exports 5854.00 5889.00 8393.00 55.00 USD Million [+]
External Debt 276686.06 283567.04 283567.04 87524.40 USD Million [+]
Terms of Trade 130.10 129.80 151.40 73.60 points [+]
Capital Flows -1107.03 -2324.59 7623.00 -9626.71 USD Million [+]
Foreign Direct Investment 166.45 128.47 734.77 18.22 USD Millions [+]
Tourist Arrivals 233229.00 240933.00 1851392.00 164300.00 [+]
Gold Reserves 61.74 61.74 61.74 0.28 Tonnes [+]
Crude Oil Production 517.00 519.00 855.00 454.00 BBL/D/1K [+]
Terrorism Index 1.68 1.68 2.81 0.36 [+]