Argentina Achieves Record $19 Billion Trade Surplus Under Milei

President Javier Milei's economic policies drive historic trade surplus, bolstered by energy and agricultural exports.

Argentina recorded an $18.9 billion trade surplus in 2024, the highest in the country's history, surpassing the previous record of $16.89 billion set in 2009.
Energy exports played a key role, with a $5.67 billion energy trade surplus driven by oil and gas exports, particularly to Chile.
President Javier Milei's administration focused on expanding energy and agricultural exports while cutting public spending to tackle inflation and stabilize the economy.
State-run energy company YPF announced a partnership with Indian firms to explore exporting up to 10 million metric tons of liquefied natural gas annually.
Despite economic progress, over 53% of the population remains in poverty, highlighting ongoing challenges in achieving equitable growth.