LatinNews Daily - 19 February 2025

*Argentina’s national statistics institute (Indec) has announced that the country registered a trade surplus of US$142m in January, marking the 14^th consecutive month of positive trade balance. This was down significantly from a surplus of US$1.67bn in December – a decrease of 91.5% – and was also down from US$784m in January 2024. The result falls well below the US$840m surplus forecast in a Reuters poll. The surplus was driven by a 9.1% year-on-year increase in exports, which totalled US$5.89bn, while imports were up 24.6% year-on-year, at US$5.75bn. Overall goods trade was up 16.3%, totalling US$11.64bn. Argentina’s most valuable export in January was manufactured agricultural products, totalling US$2.07bn (+11.4% year-on-year), followed by primary goods (US$1.52bn, -5.4%), manufactured industrial goods (US$1.42bn, +16.4%), and fuels and energy (US$879m, +23.7%). Brazil remained the country’s top export market, receiving US$774m of exports in January, followed by Chile (US$595m) and the US (US$554m). The bulk of imports came from China, totalling US$1.53bn, followed by Brazil (US$1.26bn) and the European Union (US$882m).

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