LatinNews Daily - 17 April 2025

*Argentina’s national statistics institute (Indec) has released the trade figures for March, which showed a trade surplus of US$323m. This marks an increase from the surplus of US$275m registered in February but a decrease from the US$2.16bn surplus in March 2024. Exports in March this year stood at US$6.33bn, up from US$6.14bn in February but down from US$6.49bn in March last year. Meanwhile, monthly imports totalled US$6.0bn, up from US$5.86bn the previous month and from US$4.33bn in the same month last year. Regarding the export profile, the monthly export value for manufactured goods came to US$1.91bn, up 13.1% year-on-year, and the export value for agricultural products reached US$2.2bn, marking a slight yearly increase of 0.6%. However, yearly decreases were seen in the exports of raw materials, with an export value of US$1.47bn (-16.1%) in March, and fuels & energy, with monthly exports dropping to US$753m (-13.5%). In terms of trade partners, Brazil was Argentina’s top export destination in March, registering an export value of US$1.01bn (-11.4% year-on-year); followed by the European Union with an export value of US$585m (+8.4%), and the US, exporting a total of US$554m (+33.2%). Brazil also accounted for the most imports, with a total import value of US$1.57bn (+44.1% year-on-year), followed by China, registering US$1.33bn in imports (+86.7%).

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