Argentina Robust Trade Balance Boosted by Energy Exports

Argentina's trade surplus widened to US$2.71bn in April 2026, significantly beating expectations due to record energy exports and cooling imports.

Key Takeaways

• 1.Argentina recorded a significant trade surplus of US$2.71bn in April 2026, far exceeding the consensus estimate of US$1.90bn.
• 2.The energy trade balance reached a record high surplus of US$1.4bn, driven by an 85.9% year-on-year surge in energy exports.
• 3.Imports fell below expectations for the sixth consecutive month, declining 4.0% year-on-year to US$6.20bn.

Table of Contents

• KEY NUMBERS (April)
• DETAILS
• Stronger Exports Support the Trade Balance but Imports Have Also Cooled
• Energy Balance Stands to Benefit from Higher Oil Prices
• Disclosure Appendix

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