Argentina Balance of Trade

Last Release

Mar 31, 2025

Actual

323

Units In

USD Million

227

Frequency

Monthly

Next Release

May 20, 2025

Time to Release

1 Months 1 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
2,656 May 2024	-1,833 Jun 2023	272.41 USD Million	1957-2025	N/A

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.

Latest Updates

Argentina's trade surplus narrowed to USD 323 million in March 2025, down from a revised USD 2.16 billion in the same month of the previous year, and falling short of market expectations of USD 800 million. Imports surged by 38.7% year-on-year to USD 6.0 billion, driven by significant increases in shipments of capital goods (74.1%), intermediate goods (6.1%), fuels and lubricants (71.6%), parts and accessories for capital goods (37.3%), consumer goods (75.7%), and passenger motor vehicles (107.0%). In contrast, exports fell 2.5% to USD 6.33 billion, amid lower sales of primary products (-16.1%), and fuels and energy (-13.5%). For the first three months of 2025, the trade surplus fell to USD 761 million, down from USD 4.4 billion in the same period of 2024.