Argentina's private sector external debt reached US$116.847 billion at the close of the third quarter of 2025, an increase of US$7.300 billion from the previous quarter. The growth was driven by a US$5.016 billion increase in commercial debt and a US$2.284 billion increase in financial debt. The 'manufacture of food products' sector, encompassing grain and oilseed companies, held 76% of the total debt (US$11.549 billion), rising by US$4.843 billion in the quarter. 'Wholesale trade' followed, accounting for 13% of the total (US$1.964 billion) with an increase of US$625 million. Debt for imported goods was the largest component, totaling US$39.055 billion. The main creditors were the United States, which accounted for 19% of the total commercial debt (US$12.768 billion), followed by Brazil (13%, US$8.664 billion) and Switzerland (12%, US$8.034 billion). The 'extraction of crude oil and natural gas' sector concentrated 34% of the total debt (US$16.781 billion).
