Argentina Trade Surplus Jumps in July

Argentina’s trade surplus widened to $2.11 billion in July 2026, up $1.21 billion from the same month of 2025. Exports totaled $8.85 billion, increasing 14.1% year-over-year, led by a 97.8% surge in energy and fuel exports, driven by higher shipments of crude oil, fuels, lubricants and other fuels. Manufactured industrial goods exports rose 11.2%, mainly due to higher exports of motor vehicles and transport equipment, while manufactured agricultural goods increased 4.9%, supported by higher meat exports. Imports totaled $6.74 billion, down 1.7% year-over-year. Intermediate goods posted the largest decline, falling 14.9%, while capital goods imports decreased 7.7% and consumer goods fell 7.3%. Imports of fuels and lubricants also declined 7.3%.

Argentina's trade surplus widened to $2.19 billion in June 2026 from $0.88 billion a year earlier, marking its 31st consecutive month of positive trade balances. Exports rose 24.5% year-on-year to $9.06 billion, with growth broad-based across all major categories. Agricultural manufactures surged 31.6%, driven by higher shipments of fats and oils, food industry residues and waste, and meat products. Industrial manufactures also advanced 31.4%, supported mainly by chemicals and related products, as well as base metals and metal products. Exports of fuels and energy climbed 31.1%, as higher international prices more than offset lower shipment volumes. Imports increased 7.3% to $6.86 billion, driven primarily by fuels and lubricants, whose purchases soared 126.3%. Imports of intermediate goods rose 9.5%, while consumer goods increased 3.3%. In contrast, capital goods fell 8.0%, parts and accessories for capital goods declined 9.4%, and motor vehicle imports dropped 10.6%.

Argentina’s trade surplus widened to a record $3.5 billion in May 2026 from $607 million a year earlier, well above forecasts of a $2.2 billion surplus and marking the 30th consecutive month of positive trade balances. Exports surged 34.4% year-on-year to a record $9.5 billion, with all categories posting gains. Fuels and energy led the increase, soaring 167.1% on higher crude oil and fuel exports. Primary products rose 22.5%, led by oilseeds and oleaginous fruits. Manufactures of agricultural origin increased 20.5%, supported by stronger shipments of fats and oils, meat products, and food industry waste, while industrial manufactures advanced 20.1%, led by chemical products. Imports fell 7.0% to $6 billion. The sharpest decline came from fuels and lubricants, down 32.9%, followed by parts and accessories (-26.6%), passenger vehicles (-21.3%), capital goods (-6.8%), and consumer goods (-2.3%). Intermediate goods were the only major category to rise, increasing 8.6%.