The skyline in Argentina

Argentina External Debt (USD bn)

Merchandise exports fall in January

Merchandise exports contract in December

Merchandise exports fell 7.1% in annual terms in December (November: +15.0% year-on-year). The result marked the sharpest fall since December 2020. Meanwhile, merchandise imports plunged 19.3% in annual terms in December (November: -0.1% yoy), marking the weakest result since August 2020.

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.1 billion surplus in December (November 2022: USD 1.4 billion surplus; December 2021: USD 0.4 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 6.9 billion surplus in December, compared to the USD 6.2 billion surplus in November.

Merchandise exports fell 11.7% in annual terms in January (December: -7.1% year-on-year). Meanwhile, merchandise imports rose 2.5% on an annual basis in January (December: -19.3% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.5 billion deficit in January (December 2022: USD 1.1 billion surplus; January 2022: USD 0.3 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 6.1 billion surplus in January, compared to the USD 6.9 billion surplus in December.

Argentina External Debt (USD bn) Data

2017 2018 2019 2020 2021
External Debt (USD bn) 235 278 278 271 268

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