Merchandise Exports in Argentina
Merchandise exports from Argentina were worth USD 88.4 billion in 2022, compared to USD 76.0 billion ten years earlier, and averaged USD 66.6 billion over the last decade. For more exports information, visit our dedicated page.
Argentina Merchandise Exports Chart
Argentina Merchandise Exports Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Merchandise Exports (USD bn) | 61.8 | 65.1 | 54.9 | 77.9 | 88.4 |
Merchandise Exports (ann. var. %) | 5.3 | 5.4 | -15.7 | 42.0 | 13.5 |
Merchandise exports rebound in January
Merchandise exports climbed 9.6% on an annual basis in January (December: -13.8% year-on-year). January’s outturn marked the best print since November 2022. Meanwhile, merchandise imports slid 14.3% on an annual basis in January (December: -15.2% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.8 billion surplus in January (December 2020: USD 1.0 billion surplus; January 2023: USD 0.4 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 5.7 billion deficit in January, compared to the USD 6.9 billion deficit in December.
Commenting on the outlook, UOB’s Andrés Pérez and Diego Ciongo stated: “For 2024, we expect a trade surplus of USD 20.0 million, led by a recovery in the agriculture sector and weaker imports due to the sharp depreciation of the currency and soft activity.”
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine merchandise exports projections for the next ten years from a panel of 31 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 merchandise exports forecast available for Argentine merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine merchandise exports projections.
Want to get access to the full dataset of Argentine merchandise exports forecasts? Send an email to info@focus-economics.com.
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