Argentina’s trade surplus climbs despite economic challenges: Exports increase 33.4% in a year

Argentina recorded a trade surplus of USD 1.666 million in December, contributing to a cumulative positive balance of USD 18.899 million for 2024.

Exports surged by 33.4% in comparison to the same period last year, driven by increased quantities sold, even as prices fell.

Key export categories included agricultural products, fuels, energy, and primary goods such as cereals and soybean oil.

Meanwhile, imports rose by 26.2%, reflecting a 36.9% jump in volumes.

These figures underscore Argentina’s reliance on key markets, notably Brazil, Chile, the United States, and China. Despite the stable trade balance, the domestic economy remains fragile, partly due to inflationary pressures. In addition, global factors such as the evolution of US trade policy, particularly under the Trump administration, could affect Argentina’s export-dependent sectors.