Argentina: Merchandise exports decelerate in May
June 29, 2022
Merchandise exports rose 20.7% over the same month last year in May (April: +35.7% year-on-year). Meanwhile, merchandise imports shot up 53.1% in annual terms in May (April: +47.3% yoy).
As a result, the merchandise trade balance shrank from the previous month, recording a USD 0.4 billion surplus in May (April 2022: USD 1.5 billion surplus; May 2021: USD 1.7 billion surplus). Lastly, the trend was stable, with the 12-month trailing merchandise trade balance recording a USD 12.3 billion surplus in May, compared to the USD 13.6 billion surplus in April.