Argentina marks record trade surplus at nearly $19 billion in Milei’s first year as president

Argentina Books Biggest Energy Trade Surplus in 18 Years

Argentina’s energy trade surplus surged to its highest level in 18 years in 2024 as exports jumped by 22.3% while imports slumped by 49.4%, data from the Argentinian government showed. The biggest energy surplus in nearly two decades is a win for the first year in office of President Javier Milei, who has promised a domestic energy revolution to boost Argentina’s economy, exports, and foreign exchange revenues and reserves. Argentina’s energy tr…

When Argentine President Javier Tebas took office in December 2023, he promised a number of things. In addition to extensive cuts in government and deregulation, he announced that he would significantly boost oil and gas exports. And he kept his promise. Last year, Argentina recorded its largest energy trade surplus in 18 years.

Argentina Achieves Record Trade Surplus in 2024

Argentina’s trade balance hit a historic high in 2024, with a surplus of $18.89 billion. This remarkable achievement stems from a decrease in imports due to the recession and a surge in agricultural exports following a year of drought. The National Statistics Institute (INDEC) released these figures on Monday, March 20. Exports reached $79.72 billion, […]

Argentina’s Milei oversees trade boom

The NewsArgentina registered a record $19 billion trade surplus, the latest sign of the country’s economic transformation under President Javier Milei.In his first year in power, Milei has slashed inflation and tamed runaway public spending, helping Argentina achieve its first budget surplus in decades. Despite the economic pain — more than 53% of the population is living in poverty, up from 42% in 2023 — Milei’s approval rating remains high.How…

Argentina records foreign trade surplus in 2024

Argentina posted last year its highest nominal trade surplus in two decades, according to a National Institute of Statistics and Census (Indec) report released Monday in Buenos Aires. The document showed a US$ 18.9 billion positive outcome which contrasted with the US$ 6.925 billion deficit the year before.

Argentina achieved in 2024 a trade surplus of US$18,899 million, a figure never before reached. The balance of the trade balance ended in December, in which, according to the data of the National Institute of Statistics and Censuses (Indec), foreign trade yielded a favorable result of US$1666 million. The trade surplus of the last month of 2024 was the product of exports of US$7035 million and imports of US$5369 million, which resulted in a tota…