Argentina marks record trade surplus at nearly $19 billion in Milei’s first year as president
- Argentina achieved a record trade surplus of nearly $19 billion in 2024, marking its highest nominal trade surplus in two decades, according to a National Institute of Statistics and Census report.
- Despite the high trade surplus, over 53% of the population is living in poverty, which increased from 42% in 2023, as noted by The Economist.
- Exports rose by 20% in 2024, driven mainly by agricultural and industrial manufactured goods, with soybean meal being the top exported product, as reported by the National Institute of Statistics and Census.
- Imports decreased by 17.5% from 2023, with intermediate goods making up 76% of purchases, primarily from Brazil, China, and the United States, according to the Indéc report.
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Total News Sources0
Leaning Left3Leaning Right3Center1Last UpdatedBias Distribution43% Left, 43% Right
Bias Distribution
- 43% of the sources lean Left, 43% of the sources lean Right
43% Right
L 43%
14%
R 43%
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