Argentina Merchandise Imports

Merchandise trade surplus narrows in July

Latest reading: In July, the trade balance was USD +2.1 billion, following a USD +2.2 billion reading in the previous month. Over the last 12 months, the trade balance summed to USD +23.7 billion. Merchandise exports increased 14.1% in year-on-year terms in July, coming on the back of 25.2% growth in the prior month. July’s rise was driven by a near-doubling of energy exports, as higher prices combined with stronger output from the Vaca Muerta shale field. Merchandise imports dropped 1.7% in annual terms in July, following 7.5% growth in the prior month and signaling subdued domestic demand.

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 26 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.

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