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.