Argentina's transport services exports have experienced significant fluctuations over the past decade. After peaking at 18.62 units in 2013 and 2014, this sector faced a steady decline, reaching its lowest point at 12.61 in 2017. Although there were periods of slight recovery, such as in 2021 when exports surged by 35.7% year-on-year, the overall trend has been downward, with a particularly notable year-on-year decline of 14.93% in 2022 and a further decrease of 3.55% in 2023, standing at 14.93 units. The Compound Annual Growth Rate (CAGR) between 2019 and 2023 was 3.12%.
Looking ahead to the forecast period from 2024 to 2028, transport services exports are expected to continue declining, with a forecasted 5-year CAGR of -3.67% and an overall reduction of 17.06% by 2028, ending at 11.87 units.
Future trends to watch for include potential policy changes and economic developments within Argentina, fluctuations in global trade dynamics, and advancements in transport technologies that may impact the demand for transport services. Monitoring these factors will be crucial for understanding and mitigating future risks in the sector.
