Latest reading: In July, the trade balance was USD +2.1 billion, following a USD +2.5 billion reading in the prior...
Merchandise Trade Balance in Argentina
The merchandise trade balance in Argentina averaged USD 4.7 billion in the decade to 2024. The 2024 reading was USD 18.9 billion. For more information on trade, visit our dedicated page.
Argentina Trade Chart
Note: This chart displays Trade Balance (USD billion) for Argentina from 2014 to 2024.
Source: Macrobond.
Argentina Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 12.5 | 14.8 | 6.9 | -6.9 | 18.9 |
Merchandise trade surplus widens in August
Latest reading: In August, the trade balance was USD +1.4 billion, following a USD +0.9 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD +9.9 billion. Exports were up 16.4% in year-on-year terms in August, following a 19.7% increase in the previous month and driven by higher fuel plus agricultural goods sales. Imports rose 32.4% in year-on-year terms in August, coming on the back of a 19.7% rise in the previous month. Imports rose partly thanks to the strong peso in real terms plus reduced government restrictions on imports.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine trade projections for the next ten years from a panel of 21 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Argentine trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine trade projections.
Want to get access to the full dataset of Argentine trade forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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Peru: Merchandise trade surplus narrows in July -
China: Merchandise exports increase in August Latest reading: Merchandise exports increased 4.4% year-on-year in August (July: +7.2% year-on-year). The figure marked the softest expansion since February... -
Taiwan: Merchandise exports continue to surge in August Latest reading: Merchandise exports soared 34.1% over the same month last year in August, on the heels of July’s 42.0%... -
Vietnam: Merchandise exports increase in August Latest reading: Merchandise exports growth cooled to 14.8% in year-on-year terms in August from July’s 16.7% increase as front-loading activities... -
Korea: Merchandise exports rise at a slower rate in August Latest reading: Merchandise exports increased 1.3% year on year in August (July: +5.8% yoy). This was less than half market... -
Philippines: Merchandise exports grow at a more moderate pace in July Latest reading: Merchandise exports jumped 17.3% in annual terms in July (June: +26.9% year-on-year). Meanwhile, merchandise imports expanded 2.3% on... -
Thailand: Merchandise exports growth slows in July Latest reading: Merchandise exports climbed 9.6% year on year in July, on the heels of June’s 16.0% upturn. The figure...