Overview
- Indec data published Tuesday show Argentina recorded a first‑half 2026 trade surplus of USD 13,923 million with exports of USD 49,454 million, a 24.4% increase year‑on‑year.
- June alone delivered a USD 2,194 million monthly surplus as exports reached USD 9,055 million and imports USD 6,861 million, marking the 31st consecutive month with a positive trade balance.
- An analysis by economist Nadin Argañaraz reports the energy trade balance improved by USD 2,207 million in H1, with a June energy surplus of USD 611 million driven mainly by higher export volumes.
- The export mix is shifting: crude oil was the top single product in June with USD 918 million in sales, reflecting rising output from Vaca Muerta and growing contributions from mining.
- Consultancies project 2026 exports could approach USD 100 billion and a much larger annual surplus but warn these forecasts depend on sustained prices, stronger domestic demand for investment goods, and normal seasonal patterns in the second half.