FX.co ★ Argentina Trade Surplus Sharply Shrinks in April

In April 2025, Argentina's trade surplus declined to USD 204 million, a significant drop from the revised figure of USD 1.82 billion recorded in the same month the previous year. This outcome was well below market predictions, which anticipated a surplus of USD 1,000 million. The increase in imports by 37.3% year-on-year, reaching USD 6.46 billion, was propelled by considerable growth in the importation of capital goods (73.4%), intermediate goods (9.6%), fuels and lubricants (15.3%), parts and accessories for capital goods (24.9%), consumer goods (77.7%), and passenger motor vehicles (204.5%). In contrast, exports rose slightly by 2.3% to USD 6.66 billion, with primary and manufactured product sales increasing by 10.8% and 5.5% respectively, though this was partially mitigated by a reduction in fuel and energy sales, which fell by 10.0%. Over the initial three months of 2025, the trade surplus reduced markedly to USD 1.265 billion, compared to USD 6.208 billion during the same timeframe in 2024.