Overview

• Argentina posted a roughly $613–614 million bilateral deficit with Brazil in August, one of the year’s worst monthly results, led by vehicle and parts flows.
• The January–August shortfall reached about $4.12–4.14 billion, reversing a small surplus over the same period in 2024, according to Brazilian trade data.
• Argentina’s purchases from Brazil jumped 38.9% year over year in August and 49.5% in the first eight months, while Brazil’s exports to Argentina rose 40.4% to about $1.6 billion in August.
• In autos, Argentine imports of vehicles climbed around 70% in August as exports of key models, including goods-transport vehicles, fell by more than 24%; imported units accounted for roughly 62.8% of dealer sales year to date.
• Consultancy Abeceb projects the 2025 deficit at $6.0–$6.5 billion, with potential late-year moderation from base effects, a weaker peso and a slowdown in domestic demand.