Argentine Balance Commerciale

Argentina posted a trade surplus of USD 1.234 billion in November 2024, a sharp turnaround from the USD 559 million deficit recorded a year earlier and well above the estimated USD 700 million surplus. This marks the twelfth consecutive month of positive trade balance after nine months of deficits. The surplus was driven by a 31.6% surge in exports to USD 6.479 billion, led by strong sales of agricultural products and raw materials (56.9%), manufactured goods (15%), and agricultural goods (55.1%). Meanwhile, imports declined 4.3% to USD 5.245 billion, reflecting reduced shipments of intermediate goods (-13.4%), accessories for capital goods (-5.3%), and fuels and lubricants (-67.6%).