Argentina’s trade surplus shrank to USD 800 million in October 2025, down from USD 912 million a year earlier. Imports rose 16.9% year-on-year to USD 7,154 million, driven by notable increases in intermediate goods (5.7%), consumer goods (48.8%), passenger motor vehicles (69.2%) and capital goods (20%). Meanwhile, exports rose 13.1% to USD 7,954 million, led by gains in primary products (63.8%) and industrial manufactures also expanding (8.1%), while agro-industrial manufactures (-3.5%) contracted. For the year-to-date through October 2025, the trade surplus stood at USD 6,846 million, down from USD 15,969 million in the same period of 2024.