Trade Balance in Argentina
Merchandise exports drop at a quicker pace in April
Merchandise exports plummeted 29.3% in annual terms in April, following March’s 22.0% plunge. The result marked the sharpest contraction since December 2020. Meanwhile, merchandise imports slid 12.6% on an annual basis in April (March: -3.3% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 0.1 billion shortfall in April (March 2023: USD 1.1 billion deficit; April 2022: USD 1.5 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 2.6 billion surplus in April, compared to the USD 4.2 billion surplus in March.
Argentina Trade Balance Chart
This chart displays Trade Balance (USD billion) for Argentina from 2013 to 2022.
Argentina Trade Balance Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -8.3 | -3.7 | 16.0 | 12.5 | 14.8 |