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.

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Argentina Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
584.00 1893.00 2543.00 -1494.00 1957 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-28 07:00 PM Jun $1484M $1893M $1587M $ 1600M
2020-08-25 07:00 PM Jul $1476M $1484M $1200M $1250M
2020-09-24 07:00 PM Aug $1436M $1476M $1300M $1450M
2020-10-22 07:00 PM Sep $584M $1436M $1525M $ 1500M
2020-11-24 07:00 PM Oct $584M
2020-12-18 07:00 PM Nov


News Stream
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 Trade Surplus Widens
Argentina's trade surplus widened to USD 1436 million in August 2020 from USD 1168 million in the same month of the previous year, above expectations of USD 1300 million. Imports plunged 20.4 percent over a year earlier to USD 3502 million, mainly due to lower purchases of transport material (-24.5 percent); capital (-23 percent), and gasolines (-48.1 percent). Meanwhile, exports fell 11.3 percent to USD 4938 million, as sales dropped for industrial manufacturing (-26 percent), oil and energy (-30.6 percent), and agroindustrials (-12.3 percent), whereas sales of primary goods climbed 10.2 percent.
2020-09-24
Argentina Trade Surplus Widens
Argentina's trade surplus widened to USD 1476 million in July 2020 from USD 950 million in the same month of the previous year, above expectations of USD 1200 million. Imports plunged 30.1 percent over a year earlier to USD 3427 million, mainly due to lower purchases of transport material (-51.6 percent); capital (-24 percent), and gasolines (-54.8 percent). Meanwhile, exports fell 16.3 percent to USD 4903 million, as sales dropped for industrial manufacturing (-32.3 percent), oil and energy (-20.3 percent), primary goods (-10 percent), and agroindustrials (-9 percent).
2020-08-25
Argentina Trade Surplus Widens
Argentina's trade widened to USD 1484 million in June 2020 from USD 1068 million in the same month of the previous year, below expectations of USD 1587 million. Imports plunged 20.8 percent over a year earlier to USD 3302 million, mainly due to lower purchases of transport material (-53.8 percent); capital (-26.8 percent), and gasolines (-50.6 percent). Meanwhile, exports fell 8.6 percent to USD 4786 million, as sales dropped for industrial manufacturing (-45.9 percent), oil and energy (-27 percent), and agroindustrials (-8.2 percent), whereas sales of primary goods surged 46.3 percent.
2020-07-28

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.