Argentina Trade Balance


Argentina: Trade surplus narrows further

April 23, 2013

In March, exports contracted 3.7% over the same month last year, which marked a smaller drop than the 4.3% fall tallied in February. As a result, in the 12 months up to March, exports declined 5.2% over the corresponding period last year (February: -4.9% year-on-year).

Meanwhile, imports increased 5.0% annually in March (February: +9.8% yoy). As a result, imports contracted 6.3% in the 12 months up to March, which was up from the 7.2% drop seen in February.

Finally, the trade balance registered a surplus of USD 510 million in March, which prompted the 12-month moving sum of the trade balance to fall to USD 11.2 billion from USD 11.7 billion in February.

LatinFocus Consensus Forecast panellists expect that exports will expand 9.0% in 2013, pushing them to a record of USD 88.5 billion. For 2014, the panel expects exports to grow 3.7%.

Author:, Head of Data Solutions

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Argentina Trade12m March 2013

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