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%.