Argentina: Merchandise exports decline in September
Merchandise exports sank 23.5% on an annual basis in September (August: -21.6% year-on-year). Meanwhile, merchandise imports fell 8.3% over the same month last year in September (August: -12.1% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 0.8 billion shortfall in September (August 2023: USD 1.0 billion deficit; September 2022: USD 0.4 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 2.6 billion deficit in September, compared to the USD 1.4 billion deficit in August.