Argentine Trade Exchange - First seven months of 2025

HIGHLIGHTS

• In the first seven months of 2025, exports totalled USD 47.5 billion, which represents a year-on-year increase of 4.6%, as a result of a rise in the quantities exported (5.0%) that more than offset the decrease in prices (‑0.4%).
• Imports amounted to USD 43.7 billion and grew 31.7% year-on-year, owing to the 41.2% rise in imported quantities, while prices dropped 6.7%. This is mainly due to higher quantities of imports of passenger motor vehicles, capital goods, consumer goods and parts and accessories for capital goods.
• Consequently, the trade balance reached a surplus of USD 3.8 billion, whereas in January-July 2024 a positive balance of USD 12.2 billion had been recorded.

• Prominent are the increases in exports of soybean crude oil (USD 836 million), unwrought gold (USD 806 million), crude petroleum oils (USD 470 million), and crude sunflower oil (USD 300 million); while the largest falls were observed in soybean flour and pellets (‐USD 1.4 billion), soybeans (‐USD 453 million), soybean oil, excluded crude (-USD 193 million) and frozen shrimps and prawns (‐USD 152 million).
• In relation to the soybean complex, the prices of flour and pellets (‑22.3%) and beans (‑10.7%) dropped, while those of crude oil (14.8%) rose. As for the quantities exported, those of crude oil (13.0%) and beans (5.5%) increased, while those of flour and pellets showed no variation.
• Regarding imports, the most significant increases occurred in the purchases of vehicles for the transport of persons (USD 1.7 billion), chassis, parts and tyres (USD 1.1 billion), vehicles for the transport of goods (USD 550 million), and telephone parts (USD 408 million); while those of soybeans (‑USD 484 million), natural gas in gaseous state (‑USD 400 million), and gas oil (‑USD 159 million) fell.

• The main export destinations were Brazil, with a 14.8% share; the EU, with 9.2%, the United States, with 9.1%, and Chile, with 7.8%. In turn, the most outstanding origin of imports were Brazil, 25.0% of the total, China, 22.3%, the EU, 14.0%, and the United States, 9.4%.
• The largest surpluses were obtained in trade with Chile (USD 3.2 billion), India (USD 2.1 billion), Peru (USD 1.3 billion), Switzerland (USD 1.0 billion) and Saudi Arabia (USD 947 million); while the main deficits were registered with China (‑USD 5.7 billion), Brazil (‑USD 3.9 billion) and Germany (‑USD 1.3 billion).

Read the full report in Spanish here (with highlights in English).