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%.