Argentina Trade Surplus Expands in February

Argentina’s trade surplus widened to $2.71 billion in April 2026, increasing 15.1% year-on-year to a record high, well above forecasts of $1.76 billion. Exports surged 33.6% to a record $8.91 billion, with all major categories posting annual gains. Fuels and energy exports jumped 85.9%, mainly driven by higher crude oil and fuel shipments. Industrial manufactured goods rose 43.3%, supported by stronger exports of precious stones and metals, transport equipment, and chemical products. Primary product exports increased 25%, with cereals contributing the most to the rise. Meanwhile, imports fell 4% to $6.20 billion, led by a 45.4% decline in fuels and lubricants. Imports of parts and accessories for capital goods also dropped 17.4%.

Argentina’s trade surplus rose to $2,523 million in March 2026, up from $623 million a year earlier, as exports climbed 30.1% year-on-year to $8,645 million. The increase was driven by a 56.2% surge in primary products, while manufactured and industrial goods rose 26.4% and fuels and energy gained 23.2%. Imports rose 1.7% to $6,122 million, led by a 105.9% jump in miscellaneous goods, which include postal deliveries, and a 61.7% rise in food and basic beverages. Intermediate goods purchases increased 10.2%, capital goods rose 6.6%, and durable goods climbed 4.5%.

Argentina’s trade surplus rose to USD 788 million in February 2026, up from USD 275 million a year earlier. Imports fell 11.8% year-on-year to USD 5.174 million, driven by a 14.9% decrease in quantities and a 3.7% rise in prices. Meanwhile, exports fell 2.9% to USD 5.962 million, led by a 7.1% decrease in quantities and a 4.4% rise in prices. For the year-to-date through February 2026, the trade surplus stood at USD 2.977 million, up from USD 438 million in the same period of 2025.