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Argentina Books $1.4 Billion August Trade Surplus as Imports Ease and Exports Strengthen

The balance reflects farm-led sales with import growth concentrated in vehicles, capital goods, consumer items.

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.