Argentina: Merchandise trade surplus widens in January
Latest reading: In January, the trade balance was USD +2.0 billion, following a USD +1.9 billion figure in the previous month. Over the last 12 months, the trade balance summed to USD +13.1 billion.
Merchandise exports rose 19.3% in year-on-year terms in January, coming on the back of 6.1% growth in the prior month. Higher agricultural and industrial exports outweighed lower energy exports. Merchandise imports fell 11.9% in year-on-year terms in January, following 3.5% growth in the prior month. January’s reading was the weakest since August 2024.