Argentine Trade Exchange - January-October 2025

HIGHLIGHTS

• Between January and October 2025, exports totalled USD 71.5 billion, representing an 8.1% year-on-year increase, as a result of a rise in the exported quantities (8.4%) that more than offset the decrease in prices (‑0.3%).
• Imports amounted to USD 64.6 billion and grew 28.9% year-on-year, owing to the 35.9% rise in the imported quantities, while prices dropped 5.2%. This is mainly due to higher imported quantities of passenger motor vehicles, capital goods, consumer goods and parts and accessories for capital goods.
• Consequently, the trade balance reached a surplus of USD 6.8 billion, whereas in January-October 2024 a positive balance of USD 16.0 billion had been recorded.

• Prominent is the increase in exports of soybeans (USD 1.7 billion), crude soybean oil (USD 1.0 billion), unwrought gold (USD 891 million) and crude petroleum oils (USD 860 million); while the largest drops occurred in soybean flour and pellets (-USD 1.8 billion), motor vehicles for the transport of persons (-USD 415 million) and maize (-USD 274 million).
• In relation to the soybean complex, the prices of flour and pellets (‑22.1%) and beans (‑8.9%) decreased, while those of crude oil (13.0%) increased. As for the quantities exported, rises were recorded in those of beans (106.6%), crude oil (8.9%), and flour and pellets (3.0%).
• Regarding imports, the most significant increases occurred in the purchases of vehicles for the transport of persons (USD 2.6 billion), chassis, parts and tyres (USD 1.3 billion), vehicles for the transport of goods (USD 788 million), and telephone parts (USD 346 million); while those of soybeans (‑USD 879 million), natural gas in gaseous state (‑USD 560 million), and gas oil (‑USD 242 million) fell.

• The main export destinations were Brazil, with a 14.9% share; China, 10.8%; the EU, 9.8% and the United States, 9.2%.  In turn, the most prominent origins of imports were: Brazil, 24.9% of total imports; China, 23.1%; the EU, 13.7%, and the United States, 9.0%.
• The largest surpluses were obtained in trade with Chile (USD 4.6 billion), India (USD 3.3 billion), Peru (USD 1.8 billion), the Netherlands (USD 1.2 billion) and Vietnam (USD 1.2 billion); while the main deficits were registered with China (‑USD 7.3 billion), Brazil (‑USD 5.4 billion) and Germany (‑USD 1.8 billion).

The full report in Spanish is available here (with highlights in English).