As reported by INDEC, export growth explained most of the improvement in the balance. Imports remained almost stable.
The commercial surplus re -registered its highest value of 2025 in July, when it grew au $ S988 million. Export growth explained most of this ascent, while imports remained almost stable in monthly terms.
Indec reported Wednesday that, in the seventh month of the year exports grew by 7.5% year -on -year, to US $ 727 million. Regarding last June, sales rose 3.1%measures without seasonality ,.
Also, the Imports They added about US $ 6,738 million, 17.7% more than a year ago. However, with respect to the previous month The rise was just 0.1%after two consecutive falls.
It is worth remembering that Julio was crossed by a growing volatility in the official exchange ratewhich climbed 14% to end, and about 6% when monthly averages are compared. In that sense, it is expected that, both volatility and the highest price of the dollar, generate a positive incentive in exports and negative in imports.
In annual terms, the commercial surplus was reduced: the imports of cars rose strong
With these numbers, The surplus was the highest since December of last year. Regarding July 2024, the positive result was reduced by US $ 470 millionalthough there was an improvement in the terms of exchange between both periods, because external purchase prices fell more than sales.
In parallel, Imported amounts climbed more than exported amountswhich ended up explaining the annual shrinking in the commercial balance.
In terms of value, The imports that threw the highest annual growth were those of the automotive sectorwhile the main casualties were verified in soybeans and energy products. On the exports side, rises in soybeans and meats were highlighted, while there were oil setbacks and cars.
Source: Ambito
