The National Institute of Statistics and Census (INDEC) released this week the results of Argentina's foreign trade in goods. In July, the country recorded a surplus of USD 988 millions, which represents a 32,3% drop compared to the same month in 2024, in a context of sharply increased imports, the agency reported.
In any case, the country once again recorded a positive balance, accumulating twenty consecutive months of trade surplus. In July, the exports they added $7.727 million, with year-on-year growth of 7,5%, driven by higher quantities sold (+6,2%) and a slight increase in prices (+1,3%).
According to INDEC, in July 2025 the increases in items Such as primary products (+22,8%), driven by the strong increase in seeds and oilseeds, as well as the growth of agricultural manufactures (MOA, +5,3%) and industrial manufactures (MOI, +4,7%). In contrast, fuels and energy fell (-9,7%), affected by the fall in prices.
As for the ddestinations, exports showed strong increases towards China (+100,9%), driven by higher sales of primary products, towards India (+87,8%), mainly due to manufactures of agricultural origin, and towards United States (+31,0%). In contrast, declines were recorded in shipments to Brazil (-11,9%), the European Union (-8,3%), and Chile (-31,8%), which this month fell from fourth to fifth place as an export destination.
On the side of the imports, the value reached USD 6.738 million, with a year-on-year increase of 17,7%. This result was mainly due to the increase in quantities (+23,2%), which offset the decrease in prices (-4,1%).
In this context, and according to the economic uses, the highest purchases of capital goods (+42,7%) and their parts and accessories (+24,5%) stood out, along with the strong increase in passenger motor vehicles (+146,4%) and consumer goods (+39,3%).
Purchases increased from all main origins. In the case of Brazil (+38,2%), the increase was led by the import of motor vehicles for passenger transport, among other products. China (+ 48,1%), the growth was mainly explained by the higher purchases of consumer goods and capital goods (. Imports from USA (+9,0%) were concentrated in liquefied natural gas and diesel, while those from the European Union (+16,3%) reflected an increase in fuels and lubricants and capital goods.
7 months
In the first seven months of 2025, Argentine foreign trade registered a USD 3.750 million surplus, with exports totaling USD 47.468 billion and imports totaling USD 43.718 billion. Despite maintaining a positive balance for twenty consecutive months, the increase in imports is beginning to narrow the gap, leaving the annual result uncertain, subject to the evolution of international prices and trade in the coming months.
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