Argentina: Merchandise exports rise at a softer rate in June
Merchandise exports jumped 21.7% year-on-year in June, following May’s 22.2% rise, largely thanks to a normalization of agricultural activity after...
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
Note: This chart displays Exports (USD billion) for Argentina from 2014 to 2023.
Source: Macrobond.
Argentina Merchandise Exports Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 65.1 | 54.9 | 77.9 | 88.4 | 66.8 |
| Merchandise Exports (ann. var. %) | 5.4 | -15.7 | 42.0 | 13.5 | -24.5 |
Merchandise exports rise at a softer rate in June
Merchandise exports jumped 21.7% year-on-year in June, following May’s 22.2% rise, largely thanks to a normalization of agricultural activity after last year’s drought. Meanwhile, merchandise imports plunged 35.4% on an annual basis in June (May: -32.1% yoy), linked to depressed domestic demand. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.9 billion surplus in June (May 2024: USD 2.6 billion surplus; June 2023: USD 1.8 billion deficit). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 8.3 billion surplus in June, compared to the USD 4.5 billion surplus in May.
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 merchandise exports projections for the next ten years from a panel of 32 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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