Argentina: Trade Surplus Hits Record High in April.

Argentina’s trade surplus widened to $2.71 billion in April 2026, increasing 15.1% year-on-year to a record high, well above forecasts of $1.76 billion. Exports surged 33.6% to a record $8.91 billion, with all major categories posting annual gains. Fuels and energy exports jumped 85.9%, mainly driven by higher crude oil and fuel shipments. Industrial manufactured goods rose 43.3%, supported by stronger exports of precious stones and metals, transport equipment, and chemical products. Primary product exports increased 25%, with cereals contributing the most to the rise. Meanwhile, imports fell 4% to $6.20 billion, led by a 45.4% decline in fuels and lubricants. Imports of parts and accessories for capital goods also dropped 17.4%.