According to the National Institute of Statistics and Censuses (Indec), in 2020 the commercial exchange ended with a surplus of US $ 12,528 billion, below the US $ 15,990 billion in 2019. Exports totaled US $ 54,884 billion, with a drop in 15.7% compared to 2019, while imports reached US $ 42,356 billion, with a decrease of 13.8%.
In the last month of the year, the trade balance marked a deficit of US $ 364 billion. Exporters in Argentina were hurt by a 29-day strike from grain inspectors and tugboat pilots that curtailed port operations and shipments that month. This caused exports to fell 34.1% year-on-year.
