Argentina’s trade surplus, as of May 2009, rose 139% from the 2008 levels to $2.48 billion due to a sharp drop in imports, in the wake of the economic meltdown. The overall exports dropped by 18% in May 2009 to $5.14 billion, while imports fell by 49% to $2.66 billion. The export slump was attributed to lower prices of grains and oilseeds. While the volume increased 6%, export prices fell by 13%. The imports plunged 39% in volume and 16% of value. Purchases of foreign made and capital goods shrank in May 2009. The trade surplus in the first five months of 2009 was $8.33 billion, up by 63% from $5.12 billion in the first five months of 2008.
In January 2010, Argentina’s trade surplus reached $1.22 billion. While exports rose 19% to $4.42 billion in the month due to rising industrial manufacturing sales, imports rose by 16% at $3.21 billion.
Argentina’s electricity exports were 2.628 billion kWh in 2007 and imports were 10.28 billion kWh in the same period. The oil exports accounted for 314,400 b/d in 2007 and imports accounted for 52,290 b/d. Argentina’s oil reserves were 2.616 billion b/d, according to the January estimates. The natural gas reserves of the nation stood at 441.7 billion cu m according to the January estimates. In 2008, the natural gas exports were 890 cu m and the natural gas imports were 1.3 billion cu m in the same period.