Argentina Trade Surplus Sharply Expands in January

Argentina’s trade surplus rose to USD 1,987 million in January 2026, up from USD 162 million a year earlier. Imports fell 11.9% year-on-year to USD 5,070 million, driven by a 12.1% decrease in quantities and a 0.2% rise in prices. Meanwhile, exports rose 19.3% to USD 7,057 million, led by an 18.5% increase in quantities and a 0.7% rise in prices. For the year-to-date through January 2026, the trade surplus stood at USD 1,987 million, up from USD 162 million in the same period of 2025.

Argentina’s trade surplus rose to USD 1,892 million in December 2025, up from USD 1,682 million a year earlier. Imports rose 3.5% year-on-year to USD 5,556 million, driven by a 3.0% increase in quantities and a 0.4% rise in prices. Meanwhile, exports rose 5.7% to USD 7,448 million, led by a 6.2% increase in quantities despite a 0.5% decline in prices. For the year-to-date through December 2025, the trade surplus stood at USD 11,286 million, down from USD 18,928 million in the same period of 2024.

Argentina’s trade surplus widened to $2.50 billion in November 2025 from $1.28 billion a year earlier. Exports surged 24.1% year-on-year to $8.10 billion, driven by an 87.1% jump in shipments of primary products, a 52.8% rise in fuels and energy exports, and a 14.5% increase in industrial manufactured goods. In contrast, exports of agricultural manufactured goods edged down 0.4%. Imports rose 6.6% to $5.60 billion, led by a sharp 68.1% increase in passenger car purchases and a 23.6% rise in consumer goods. Imports of capital goods advanced 13.1%, while those of fuels and lubricants increased 12.9%. Meanwhile, imports of capital goods parts and accessories fell 13.4%, and intermediate goods declined 4.1%.