The skyline in Argentina

Argentina Trade Balance April 2021

Argentina: Merchandise exports growth accelerates further in April also due to a low-base effect

Merchandise exports skyrocketed 41.3% in annual terms in April, following March’s softer 30.5% jump and marking the strongest reading since August 2010. The print reflected a very low-base effect and was driven by skyrocketing foreign sales of industrial and agricultural goods as well as by a strong expansion in exports of primary products more than offsetting a slump in exports of energy. In terms of export markets, March’s print mainly resulted from surging overseas shipments to Brazil, Chile, Egypt and India outweighing falling sales to China.

Merchandise imports skyrocketed 61.5% in annual terms in April (March: +68.7% yoy). The increase reflected a broad-based jump in purchases of capital, consumptions and intermediate goods as well as of motor vehicles and fuels.

Meanwhile, the trade balance recorded a USD 1.5 billion surplus in April, coming in above the USD 0.4 billion surplus logged in the previous month (April 2020: USD 1.5 billion surplus). Lastly, the 12-month rolling trade balance came in at USD 11.6 billion surplus in April, matching March’s print (April 2020: USD 17.7 billion surplus).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen