Argentina Balance of Trade

Last Release

Jul 31, 2025

Actual

988

Units In

USD Million

906

Frequency

Monthly

Next Release

Sep 18, 2025

Time to Release

27 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
2,656 May 2024	-1,833 Jun 2023	274.37 USD Million	1957-2025	N/A

Argentina has recorded trade surpluses from 2001 to 2014 and in 2016, mostly due to exports of agricultural products. In 2017 and 2018, the balance returned to deficit due to slowdown in exports growth and higher imports. Main exports are: cereals, fats and oils, beef and related products and dairy products (36 percent of total exports), motor vehicles and parts (12 percent); chemicals and related products (7 percent) and crude oil and fuels (5 percent). Main imports are: intermediate goods (29 percent of total imports), parts and accessories for capital goods (20 percent), capital goods (19 percent), fuels and lubricants (13 percent) and motor vehicles (8 percent). Main trading partners are: Brazil (21 percent of total exports and 29 percent of imports), China (7 percent of exports and 14 percent of imports) and United States (5 percent of exports and 10 percent of imports). Others include: Chile, Italy and Spain.

Latest Updates

Argentina’s trade surplus narrowed to USD 0.988 billion in July 2025, down from USD 1.459 billion a year earlier, yet the highest surplus of the year and above market expectations of USD 0.690 billion. Imports rose 17.7% year-on-year to USD 6.738 billion, driven by significant increases in shipments of capital goods (+51.9%), consumer goods (+47.6%), passenger motor vehicles (+135.3%), and parts and accessories for capital goods (+19.4%), while intermediate goods fell 5.6% and fuel and lubricants imports dropped 25.1%. Meanwhile, exports rose 7.5% to USD 7.727 billion, amid gains in primary products (+22.8%) and industrial manufactures (+4.7%), supported by a 5.3% increase in agro-industrial manufactures and partly offset by a 9.7% decline in fuels & energy. For the year-to-date through July 2025, the trade surplus stood at USD 3.750 billion, down from USD 12.201 billion in the same period of 2024.