Argentina’s trade deficit swang to a USD 277 million surplus in October of 2018 compared to a USD 927 million gap a year ago and expectations of a USD 400 million surplus. It is the second surplus over the last two years. Exports climbed 1.4 percent (vs -4.8 percent in September) to USD 5354 million, mainly nudged by a 3.9 percent increase in sales of food, beverages & tobacco (3.9 percent), transport equipment (26.2 percent) and live animals & animal products (31.4 percent). Meantime, exports declined 10.3 percent for agricultural products, such as wheat and rye and cranberries; 14.8 percent for oils and fats and 20.3 percent for chemical products. On the other hand, imports plunged 18.2 percent (vs -21.2 percent) to USD 5077 million, mainly dragged by sharp falls in purchases of passenger motor vehicles (-48.2 percent), machinery (-36.6 percent), parts and accessories for capital goods (-27.2 percent), and mineral products (-17.4 percent). Balance of Trade in Argentina averaged 213.51 USD Million from 1957 until 2018, 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 -1900.00 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 -1150.00 in 12 months time. In the long-term, the Argentina Balance of Trade is projected to trend around -1700.00 USD Million in 2020, according to our econometric models.

Argentina Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-22 07:00 PM Balance of Trade $-789M $-359M $-150M $-360M
2018-09-26 07:00 PM Balance of Trade $-1127M $-789M $-150M $-980M
2018-10-23 07:00 PM Balance of Trade $314M $-1131M $150M $ -900M
2018-11-23 07:00 PM Balance of Trade $277M $314M $400M $-50M
2018-12-19 07:00 PM Balance of Trade $277M $150M
2019-01-23 07:00 PM Balance of Trade $ -1900M
2019-02-21 07:00 PM Balance of Trade


Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 277.00 314.00 2543.00 -1494.00 USD Million [+]
Current Account -8292.00 -9563.00 4297.83 -9563.00 USD Million [+]
Current Account to GDP -4.80 -2.60 8.00 -4.80 percent [+]
Imports 5077.00 4699.00 7671.00 36.00 USD Million [+]
Exports 5354.00 5013.00 8393.00 55.00 USD Million [+]
External Debt 261482.81 253740.59 261482.81 87524.40 USD Million [+]
Terms of Trade 128.90 138.20 151.40 73.60 Index Points [+]
Capital Flows -8416.87 -9781.15 7623.00 -9781.15 USD Million [+]
Foreign Direct Investment 550.88 207.65 550.88 86.19 USD Millions [+]
Tourist Arrivals 225300.00 227400.00 1851392.00 164300.00 [+]
Gold Reserves 61.70 61.70 61.74 0.28 Tonnes [+]
Crude Oil Production 492.00 484.00 855.00 454.00 BBL/D/1K [+]
Terrorism Index 0.81 0.50 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, mostly due to exports of agricultural products. In 2015 and 2017, 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
277.00 314.00 2543.00 -1494.00 1957 - 2018 USD Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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