Merchandise Trade Balance in Argentina
The merchandise trade balance in Argentina averaged USD 4.1 billion in the decade to 2022. The 2022 reading was USD 6.9 billion. For more trade information, visit our dedicated page.
Argentina Trade Chart
Argentina Trade Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Merchandise Trade Balance (USD bn) | 16.0 | 12.5 | 14.8 | 6.9 | -6.9 |
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.
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.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine trade projections.
Want to get access to the full dataset of Argentine trade forecasts? Send an email to info@focus-economics.com.
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