The decrease in the fourth month of the year was fundamentally generated by greater quantities exported. So far from 2025 there were the quantities exported most.
The energy surplus slowed down in Aprilmainly because of the highest imported amounts. Even so, In the first four -month period of 2025 the sector contributed US $246 million to the Argentine commercial balance than in the same 2024 period.
According to an analysis of the economist Nadin Argañarazbased on the official data published by INDEC this week, in the fourth month of the year the commercial balance in energy gave a positive figure of U $ S573 million. However, the result was contracted, both compared to April 2024 (U $ 705 million) as with respect to March this year (U $ S767 million).
Topy in the energy surplus: how much was for quantities and how much for price
The annual contraction was mostly explained by the quantities effect. While the exported amounts represented an income of US $ 40 million, the imported amounts implied an expense of US $ 142 million, resulting in a negative net effect of -U $ s102 million.
The price effect also had an incidence, although to a lesser magnitudesince the fall in the international value of exportable products surpassed the fall that imports had. The negative net effect of these variations on the commercial result was -U $ 30 million.
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According to the public figures of INDEC, Gasoil imports were the ones that grew the mostfollowed by gasoline purchases. Likewise, the annual drop in exports was mostly generated by lower oil sales.
Despite the reduction, the commercial balance of energy is key to Argentina
Even so, Argañaraz stressed that Between January and April the country registered an energy surplus of US $ 2,684 million, US $246 million higher than the same period of 2024. In the partial the main contribution of dollars came from the highest exports side, since the rise in the exported amounts compensated for the price decline, thus making a net contribution of US $ 342 million.
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In the case of imports, a negative impact of US $ 96 million was verified, caused by the rise in quantities (US $252 million), higher than saving for minor prices (US $ 155 million).
Source: Ambito
