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

Key facts

• Argentina posted a trade surplus of $3.50 billion in May.
• The May trade surplus exceeded analyst forecasts of $2.2 billion.
• Exports in May totaled $9.54 billion.
• Imports in May totaled $6.03 billion.
• Government statistics agency released the figures.

Argentina reported a trade surplus of $3.50 billion for the month of May. This figure substantially surpassed the $2.2 billion that analysts had projected for the period. The surplus was primarily driven by robust export activity, which reached $9.54 billion. Imports during the same month were recorded at $6.03 billion. These figures, released by the government's statistics agency, highlight a strong performance in Argentina's international trade balance for May.