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Argentina Trade March 2023

Argentina: Merchandise exports contract in March

Merchandise exports shrank 22.2% annually in March (February: -18.8% year-on-year). March’s figure marked the worst fall since December 2020. Meanwhile, merchandise imports fell 4.2% in annual terms in March (February: -10.7% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.1 billion shortfall in March (February 2023: USD 0.2 billion surplus; March 2022: USD 0.3 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 4.2 billion surplus in March, compared to the USD 5.6 billion surplus in February.

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