Overview
- INDEC reported a US$1,402 million surplus for August, extending a run of 21 consecutive monthly positive balances.
- Exports reached US$7,865 million, up 16.4% year over year, while imports rose 32.4% to US$6,463 million but came in roughly US$400 million below July.
- Export gains were concentrated in primary products and agro‑manufactures, while industrial‑origin shipments fell about 7% and fuel and energy exports rose 40.6%.
- Import growth was led by passenger vehicles, capital goods and consumer goods, with a decline in fuels and lubricants.
- The surplus so far in 2025 totals US$5,071 million versus US$14,075 million a year earlier, with a roughly 5.7% August peso devaluation and strong year‑to‑date import growth from Brazil and China cited in the trade mix.