 At International level, Baloncieri was the captain of the Italy national football team that won the bronze medal at the 1928 Olympic Games and the winner of the 1930 Coppa Internazionale, alongside Giuseppe Meazza.He earned 47 caps for Italy between 1920 and 1930, and with 25 goals, he is Italy's sixth all-time highest goalscorer and the highest scoring midfielder in the history of the Italian national team.He also played in two other editions of the Olympics, in 1920 and 1924, making him the player with the most all-time appearances and goals, eleven and eight respectively, at Olympic football tournaments for the Italian national side.