Merchandise Imports in Argentina
Merchandise imports were worth USD 81.5 billion in Argentina in 2022 compared to USD 74.4 billion ten years earlier, and averaged USD 62.5 billion over the last decade. For more imports information, visit our dedicated page.
Argentina Merchandise Imports Chart
Argentina Merchandise Imports Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Merchandise Imports (USD bn) | 65.5 | 49.1 | 42.4 | 63.2 | 81.5 |
Merchandise Imports (ann. var. %) | -2.2 | -25.0 | -13.8 | 49.2 | 29.0 |
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 imports projections for the next ten years from a panel of 24 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 imports forecast available for Argentine merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine merchandise imports projections.
Want to get access to the full dataset of Argentine merchandise imports forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
-
Non-oil domestic exports (NODX) dived 20.7% annually in March (February: -0.2% year-on-year). The figure marked the worst decline since August...
-
Indonesia: Merchandise exports drop at a sharper pace in January
Merchandise exports contracted 7.8% on an annual basis in January, following December’s 7.7% drop. Meanwhile, merchandise imports increased 3.0% in... -
Peru: Merchandise exports increase at a softer rate in February
Merchandise exports climbed 1.6% annually in February, on the heels of January’s 9.5% increase. Meanwhile, merchandise imports declined 0.9% over... -
China: Merchandise exports drop in March
Merchandise exports decreased 7.5% year-on-year in March, contrasting February’s 5.6% increase. The outturn marked the sharpest contraction since August 2023... -
Philippines: Merchandise exports accelerate in February
Merchandise exports soared 15.7% annually in February, following January’s 9.1% rise. February’s figure marked the fastest outturn since October 2022.... -
Taiwan: Merchandise exports increase at a faster pace in March
Merchandise exports jumped 18.9% on an annual basis in March (February: +1.3% year-on-year), well above government and market forecasts. March’s... -
Germany: Merchandise exports drop in February
Merchandise exports decreased 2.0% in seasonally adjusted month-on-month terms in February (January: +6.3% mom s.a.). Meanwhile, merchandise imports rose 3.2%...