Overview
- Energy exports jumped 89.1% year‑on‑year in September, reaching US$1.781 billion and providing more than half of that month’s US$2.976 billion trade surplus, according to the Secretaría de Energía.
- Crude oil led all exports in September with sales of US$1,127 million, surpassing soy and corn in value as reported by INDEC.
- Domestic crude production hit 973,700 barrels per day in September, a 15.5% rise year‑on‑year, with Vaca Muerta supplying about 698,500 bpd or roughly 71.7% of national output.
- A twelve‑month window ending September shows exports above US$100 billion and a trade surplus near US$26.5 billion, but consultants note the improvement partly reflects timing of payments and weaker imports of capital goods.
- Higher Brent prices that topped US$115 on October 23 strengthened revenues, yet analysts warn sustaining gains will require continued investment in infrastructure and projects such as Argentina GNL and recovery of imports tied to production.