Dynamics of Mining It led to a new record in the sector’s exports during the month of October, recording a monthly volume of US$650 million and boosting export volume. Accumulated 4,870 million US dollars In the first ten months of the year.
According to data from the Ministry of Mining, this performance not only represents a 4% growth compared to total exports in the entire year 2024, but also It exceeds the level reached in 2011when the accumulated amount from January to October was 4,082 million US dollars.
The weight of mining in Argentina’s foreign trade was evident in the participation of these products, which in October represented 8.9% of total exports and 6.9% of the accumulated annual figure.
On an annual basis, a significant jump was also observed: the value issued in October increased by 45.4% compared to the same month of the previous year, while the cumulative value for 2025 shows an increase of 34.6% compared to the same period in 2024.
In addition, export volumes in the first 10 months of 2025 were 57% higher than the average recorded between 2010 and 2024 for that period.
Within the export basket, metallic minerals dominated the landscape in October, with sales reaching US$525 million, representing an increase of 42.9% year-on-year.
This sector represents 80.8% of mining exports for the month, with gold being the main hero: its shipments amounted to US$424 million (65% of total mining exports).
While silver added $95 million (15%). Other metallic minerals, especially lead, contributed US$7 million (1.1% of the total).
performance gold This was driven by an improvement in international prices and a 5% increase in export volumes, resulting in an annual growth of 40.2% (equivalent to 121 million more than in 2024).
the silverFor its part, it saw a bigger increase, with an increase of 60.8% compared to October of the previous year (which means an additional 36 million), also due to the combination of better prices and higher volumes.
he Lithium It consolidated its position as the second most exported metal in October, with sales reaching US$105 million and annual growth of 71.8%, setting a historic record for that month. It accounted for 16.2% of mining exports for this period, driven by a 74% increase in export volumes.
Regarding destinations, The United States, India, China and Switzerland account for 77% of mining exports October (equivalent to 499 million US dollars), and 80% of the cumulative annual amount (3,906 million US dollars).
Sales to these countries consist mainly of metallic minerals, representing 82% of mining exports to these destinations in October and 85% in the first ten months of the year.
These four markets also absorbed 82% of the year’s cumulative mineral exports, while the remaining 18% were the main beneficiaries from Canada, South Korea, Germany, Belgium and Finland.
The outlook for the Argentine mining sector is optimistic. According to BBVA Research forecasts, The sector’s exports could reach $25 billion in 2033 If the country is able to complete the majority of projects under development and maintain a stable economic and regulatory environment.
at the moment, Mining represents less than 1% of GDP and contributes less than 6% of exports Citizens, but the report indicates that the next decade could witness a structural shift in activity, in a context in which the energy transition requires increasing amounts of important minerals.
According to BBVA Research, Argentina’s project portfolio is among the most significant worldwide to meet this demand, with planned investment exceeding US$35,000 million over ten years.