INDEC reported a deep deterioration of the commercial balance of services, mainly due to the “trip” segment. It happened despite exports.
The deficit of the trade balance of services reached US $ 4,502 million in the first quarter of 2025, a historical record. Tourism abroad was the main cause of this deterioration in the balance of external accounts.
According to INDEC through his report of Balance of paymentsthis result was explained mainly due to travel deficits (US $ 2,755 million) And, to a lesser extent, Transport (U $ 407 million).
Among other services that also presented Deficits were highlighted by financial (US $ 550 million), business (US $ 445 million) and those linked to telecommunications, computer science and information (US $ 233 million), reflecting a growing dependence on exterior services in key sectors of the digital and corporate economy.
In contrast, Only two items recorded surpluses: government services (US $ 105 million)which mainly include embassy and consulate expenses, and Construction services (U $ S7 million), although with little significant amounts compared to the size of the total deficit.
This red in the balance of services coincided with a year -on -year fall of 2.4% in the surplus of the trade balance of goods, that reached the U $ 3,276 million in the quarter.
As a result, The net balance of the current account was negative at US $ 1,228 million, which contrasts with the US $ 1,519 million of the same period last year.
Source: Ambito
