Argentina recorded a trade surplus of $3.50 billion in May, surpassing analyst expectations of $2.2 billion. The surplus was driven by $9.54 billion in exports and $6.03 billion in imports, according to government statistics.
%20(74).png)
The stronger-than-expected trade surplus indicates a positive development for Argentina's economy, potentially aiding in stabilizing its external balance and supporting President Javier Milei's reform agenda.
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.
Pick the topics you care about. Get only what matters, on your cadence.