Argentina posts $3.5B trade surplus in May, exceeding forecasts

Key facts

• Argentina reported a trade surplus of $3.50 billion in May.
• Exports for May totaled $9.54 billion.
• Imports for May totaled $6.03 billion.
• The surplus exceeded analyst expectations of $2.2 billion.

Argentina posted a trade surplus of $3.50 billion in May, surpassing analyst expectations. The country's statistics office reported that exports reached $9.54 billion for the month, while imports stood at $6.03 billion. Analysts polled by Reuters had forecast a surplus of $2.2 billion.

Separately, an analysis of Argentina's economic transformation under President Javier Milei indicated a significant improvement in the country's trade balance, with a 71.2% increase documented. This was attributed to a 16.2% decline in container imports and resilient exports, which saw only a 4.7% decrease. The analysis also noted Argentina achieved its first fiscal surplus in 14 years in 2024 and a record $18.9 billion trade surplus for that year.