Argentine Balance Commerciale

Argentina's trade surplus narrowed to USD 323 million in March 2025, down from a revised USD 2.16 billion in the same month of the previous year, and falling short of market expectations of USD 800 million. Imports surged by 38.7% year-on-year to USD 6.0 billion, driven by significant increases in shipments of capital goods (74.1%), intermediate goods (6.1%), fuels and lubricants (71.6%), parts and accessories for capital goods (37.3%), consumer goods (75.7%), and passenger motor vehicles (107.0%). In contrast, exports fell 2.5% to USD 6.33 billion, amid lower sales of primary products (-16.1%), and fuels and energy (-13.5%). For the first three months of 2025, the trade surplus fell to USD 761 million, down from USD 4.4 billion in the same period of 2024.