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Argentina: Merchandise exports increase in June
Latest reading: Merchandise exports shot up 10.8% on an annual basis in June (May: -7.5% year-on-year) thanks to booming energy exports. June’s result marked the most robust expansion since December 2024. Meanwhile, merchandise imports soared 35.9% on an annual basis in June (May: +29.4% yoy), as a result of looser restrictions on imports and the strong peso in real terms.
As a result, the merchandise trade balance improved from the previous month, recording a USD 0.9 billion surplus in June (May 2025: USD 0.6 billion surplus; June 2024: USD 1.9 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 11.0 billion surplus in June, compared to the USD 11.9 billion surplus in May.
