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). Balance of Trade in Argentina averaged 222.79 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.

Balance of Trade in Argentina is expected to be 1200.00 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 -500.00 in 12 months time. In the long-term, the Argentina Balance of Trade is projected to trend around 200.00 USD Million in 2020, according to our econometric models.

Argentina Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-05-23 07:00 PM Balance of Trade Apr $1131M $1183M $800M
2019-06-26 07:00 PM Balance of Trade May $1373M $1140M $850M $980M
2019-07-25 07:00 PM Balance of Trade Jun $1061M $1373M $850M $1100M
2019-08-21 07:00 PM Balance of Trade Jul $951M $1062M $684M $830M
2019-09-25 07:00 PM Balance of Trade Aug
2019-10-23 07:00 PM Balance of Trade Sep $ 1200M
2019-11-21 07:00 PM Balance of Trade Oct


Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 951.00 1062.00 2543.00 -1494.00 USD Million [+]
Current Account -3849.43 -2157.26 4297.83 -9368.69 USD Million [+]
Current Account to GDP -5.40 -4.90 8.00 -5.40 percent [+]
Imports 4905.00 4174.00 7671.00 36.00 USD Million [+]
Exports 5856.00 5235.00 8393.00 55.00 USD Million [+]
External Debt 275827.96 277921.29 277921.29 87524.40 USD Million [+]
Terms of Trade 129.80 130.10 151.40 73.60 Index Points [+]
Capital Flows -4902.66 -1836.66 7623.00 -9626.29 USD Million [+]
Foreign Direct Investment 161.11 160.60 734.77 18.22 USD Millions [+]
Tourist Arrivals 217028.00 228494.00 1851392.00 164300.00 [+]
Gold Reserves 54.90 61.70 61.74 0.28 Tonnes [+]
Crude Oil Production 508.00 502.00 855.00 454.00 BBL/D/1K [+]
Terrorism Index 1.68 0.81 2.81 0.36 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
951.00 1062.00 2543.00 -1494.00 1957 - 2019 USD Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


Related

Latest