Definition
Exports represent the value of goods and services sold to the rest of the world and constitute one of the main sources of foreign currency generation for the Argentine economy.
Their evolution reflects both external competitiveness and the performance of tradable sectors—particularly the agribusiness complex, energy, and manufacturing— as well as the impact of international prices and the real exchange rate.
Analysis
Between 2015 and 2019, exports followed a moderately upward trajectory, supported by a partial recovery in foreign trade and improvements in competitiveness following episodes of exchange rate adjustment, albeit with a high dependence on commodity price cycles.
In 2020, a marked contraction occurred, driven by the impact of the pandemic, the decline in global trade, and logistical disruptions. Subsequently, between 2021 and 2022, a gradual recovery took place, supported by stronger international prices and higher export volumes.
During 2023, exports weakened again, largely due to the historic drought that affected the agricultural sector. In contrast, in 2024 and 2025 a significant rebound is observed, associated with the normalization of agricultural production, the growing contribution of the energy sector, and a macroeconomic environment more oriented toward foreign currency generation.