Argentina Balance of Trade

Argentina reported a trade surplus equivalent to 1077 Million USD in March of 2012. Growth in foreign trade, especially trade with MERCOSUR partners, has been one of the main factors driving the Argentine economy. Argentine exports are mainly of the agricultural type: soybean products, cereals, beef; motor vehicles and parts, chemicals and medicine. Argentina is a major importer of industrial and computing machinery and parts, industrial supplies, automobiles and other consumer durables and refined fuels and lubricants. Its main trading partners are: Brazil, Chile, European Union and The United States. This page includes: Argentina Balance of Trade chart, historical data and news.

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Balance of Trade
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and consists of exporting more than is imported; a negative balance of trade is known as a trade deficit or, informally, a trade gap. The balance of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position. The Balance of Trade is identical to the difference between a country's output and its domestic demand - the difference between what goods a country produces and how many goods it buys from abroad; this does not include money respent on foreign stocks, nor does it factor the concept of importing goods to produce for the domestic market.

Global News

U.K. Unemployment Rate Down to 8.2 in March
Published: 5/16/2012 4:26:31 PM By: TradingEconomics.com, ONS
The unemployment rate was 8.2 per cent of the economically active population for January-March 2012, down 0.2 on the quarter. There were 2.63 million unemployed people, down 45,000 on the quarter.

Euro Area External Trade Surplus Widens in March
Published: 5/16/2012 2:52:37 PM By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in March 2012 gave a 8.6 bn euro surplus, compared with +1.0 bn in March 2011. The February 2012 balance was +2.3 bn, compared with -2.9 bn in February 2011. In March 2012 compared with February 2012, seasonally adjusted exports fell by 0.9% and imports by 1.1%.

Euro Area Annual Inflation Down to 2.6%
Published: 5/16/2012 2:50:32 PM By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 2.6% in April 2012, down from 2.7% in March. A year earlier the rate was 2.8%. Monthly inflation was 0.5% in April 2012.

U.S. Annual Inflation Down to 2.3% in April
Published: 5/15/2012 1:35:37 PM By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.3 percent before seasonal adjustment.

U.K. Trade Deficit Narrows in March
Published: 5/15/2012 12:47:10 PM By: TradingEconomics.com, ONS
The UK’s deficit in Trade in Goods and Services narrowed to £2.7 billion in March, down £0.2 billion from £2.9 billion in February.

Canada's Unemployment Rate Up to 7.3% in April
Published: 5/11/2012 1:39:49 PM By: TradingEconomics.com, Statistics Canada
Canada's employment increased by 58,000 in April, mostly in full-time work. This was the second consecutive month of notable gains after four months of little change. With more people searching for work, the unemployment rate increased by 0.1 percentage points to 7.3%.

China's Inflation Rate Down to 3.4% in April
Published: 5/11/2012 11:31:49 AM By: TradingEconomics.com, National Bureau of Statistics of China
In April, the consumer price index (CPI) went up by 3.4 percent year-on-year. The prices grew by 3.4 percent in cities and 3.3 percent in rural areas.

Canada's Trade Surplus Widens in March
Published: 5/10/2012 1:50:11 PM By: TradingEconomics.com, Statistics Canada
Canada's merchandise exports edged down 0.4% and imports decreased 0.6%. As a result, Canada's trade surplus increased from $273 million in February to $351 million in March.

U.S. Trade Deficit Widens in March
Published: 5/10/2012 1:41:51 PM By: TradingEconomics.com, U.S. Census Bureau
Total March exports of $186.8 billion and imports of $238.6 billion resulted in a goods and services deficit of $51.8 billion, up from $45.4 billion in February, revised. March exports were $5.3 billion more than February exports of $181.5 billion. March imports were $11.7 billion more than February imports of $226.9 billion.

Bank of England Keeps Monetary Policy Unchanged
Published: 5/10/2012 12:10:23 PM By: TradingEconomics.com, Bank of England
The Bank of England’s Monetary Policy Committee voted on May 10th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £325 billion.