In June 2025, Argentina’s trade surplus decreased to USD 0.906 billion, a notable drop from USD 1.88 billion registered in the same month the previous year. This figure, however, surpassed market forecasts, which had anticipated a surplus of USD 0.681 billion. The surge in imports was significant, with a 35.9% year-on-year increase reaching USD 6.37 billion. This rise was primarily driven by substantial growth in various sectors, including capital goods (up 100.7%), intermediate goods (up 19.3%), parts and accessories for capital goods (up 37.2%), consumer goods (up 90.9%), and passenger motor vehicles showing remarkable growth at 248.5%. Conversely, imports of fuel and lubricants dropped by 57.9%.
On the export front, there was a 10.8% increase, bringing total exports to USD 7.275 billion. This growth was mainly propelled by improvements in industrial manufactures, up 12.9%, and a substantial 74.2% increase in fuels and energy exports. Primary products saw a modest rise of 2.6%, while agro-industrial manufactures experienced a slight decrease of 0.1%.
In the broader context, during the first half of 2025, the trade surplus was recorded at USD 2.788 billion, a significant decline compared to the USD 10.742 billion surplus reported over the same period in 2024.
