Argentina: Merchandise exports growth broadly stable in June
Merchandise exports rose 20.3% over the same month last year in June (May: +21.2% year-on-year). Meanwhile, merchandise imports shot up 44.6% in annual terms in June (May: +53.4% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.1 billion deficit in June (May 2022: USD 0.4 billion surplus; June 2021: USD 1.1 billion surplus). Lastly, the trend weakened, with the 12-month trailing merchandise trade balance recording a USD 11.1 billion surplus in June, compared to the USD 12.3 billion surplus in May.