The share of transport services in Argentina's commercial service imports exhibited notable fluctuations from 2013 to 2023. The share peaked in 2013 at 27.09%, followed by a general downward trend until 2020 when it reached its lowest value at 17.82%. This trend was marked by significant year-on-year decreases in multiple years. A sharp increase in 2021 led to a share of 28.56%, and it further increased to 29.96% in 2022. However, a slight decline to 28.25% occurred in 2023. The recent 5-year CAGR (2018-2023) was 6.71%, indicating an overall upward trend in the latter part of the period despite the fluctuations.
Looking forward, the share is forecasted to remain stable at 28.25% from 2024 to 2028. Notably, the forecasted 5-year CAGR is 0%, suggesting no expected changes in the share of transport services in commercial service imports in the upcoming years.
Future trends to watch for include:
- Global economic conditions and their impact on Argentina's import dynamics.
- Potential changes in trade policies that could affect transport services.
- Technological advancements in transport logistics and their adoption in Argentina.
- Economic recovery post-pandemic and its influence on service imports.
