Argentina Balança Comercial

Argentina recorded a trade surplus of USD 2,059 million in March 2024, a significant improvement compared to the $1,111 million deficit in the corresponding period of the previous year. This marks the fourth consecutive positive trade balance following nine months of consecutive deficits. The surplus is attributed to a 36.7% reduction in the volume of imported goods compared to March 2023, totaling $4.335 billion due to decreased purchasing power. This decline was primarily driven by reduced purchases of fuels and lubricants (-76.6%), consumer goods (-34.1%), parts and accessories for capital goods (-30.7%), and intermediate goods (-36.9%). Conversely, exports increased by 11.5%, totaling $6.394 billion, driven primarily by heightened sales of primary goods (+27.4%), agricultural products, and raw materials (+15.7%), and fuels and energy (+19.2%).