Import of Goods Value from Argentina (1990-2023)

Import of Goods Value from Argentina (1990-2023)

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TGM StatBox. (2024). Import of Goods Value from Argentina (1990-2023). TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Argentina
Published date: 2024
Note: Merchandise imports by product group (Million US dollars), as defined by the World Trade Organization (WTO), refers to the total value of goods imported into a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
Argentina's imports surged from $4.1B in 1990 to $21.5B in 1994, driven by economic liberalization policies under President Carlos Menem. The subsequent period of growth peaked at $31.4B in 1998, followed by a sharp decline to $8.99B in 2002 due to the financial crisis. Recovery was rapid, with imports rising to $57.4B in 2008, supported by agricultural exports and increased domestic demand.

The period from 2008 to 2023 showcases fluctuations tied to Argentina’s economic volatility. A resurgence to $81.5B in 2022 reflects an export boom and recovery from COVID-19 impacts, though challenges like inflation and currency devaluation tempered imports to $73.7B in 2023. These trends underscore the impact of domestic policies and global conditions on Argentina's trade.

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