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Argentina’s 2025 Trade Surplus Shrinks to $11.286 Billion on Import Surge

Reopened import channels lifted purchases from consumer goods to vehicles, courier shipments, capital equipment, compressing the surplus.

Overview

  • INDEC reported exports of $87.077 billion in 2025, up 9.3% and near the 2022 record, while imports jumped 24.7% to $75.791 billion.
  • December posted a $1.892 billion surplus with $7.448 billion in exports and $5.556 billion in imports, marking the 25th straight monthly surplus.
  • Export gains were led by primary and energy products such as soybean derivatives, crude oil, gold and meats, with volumes up about 10% and prices down 0.6%.
  • Imports rebounded fastest in finished goods: consumer goods and vehicles rose 66.2%, courier shipments surged 274.2% to $894 million, and capital goods advanced 51.3%, while fuel imports fell on energy developments.
  • Brazil remained the top partner, China climbed to second with exports to that market up 61.4%, and the United States ranked third and was the only top‑five partner with a surplus; annual deficits prevailed with China, Brazil and the European Union, and surpluses with the U.S. and India.