Argentina Trade

Merchandise trade surplus increases in May

Latest reading: In May, the trade balance was USD +3.5 billion, following a USD +2.7 billion figure in the previous month. Over the last 12 months, the trade balance summed to USD +21.2 billion. Merchandise exports rose 34.4% in annual terms in May, coming on the back of 33.6% growth in the previous month. May's reading was the strongest since April 2022. Agricultural exports saw double digit growth, likely linked to improved weather conditions, while fuel exports more than doubled thanks to higher energy output from the Vaca Muerta field as well as elevated prices. Merchandise imports declined 7.0% in year-on-year terms in May, following a 4.0% decline in the previous month.

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine trade 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 trade forecast available for Argentine trade.

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