Argentina Trade Surplus Reaches US$2.1 Billion in July
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Argentina recorded a trade surplus of US$2.115 billion in July 2026, driven by a 14.1% increase in exports alongside a 1.7% decrease in imports. According to INDEC, the surplus slightly trailed the US$2.194 billion reported in June, though total trade rose 6.7% year-on-year to US$15.593 billion. Growth was significantly supported by the energy sector, where the Vaca Muerta shale formation helped achieve a first-half energy trade surplus of US$5.076 billion, a 61.7% increase from the previous year. Meanwhile, a potential trade deal between Mercosur and Singapore moved closer to realization following a favorable committee report in the Chamber of Deputies on August 12.
Consequences
The pending trade deal with Singapore awaits a vote in the Chamber of Deputies, which could potentially open Southeast Asian markets to Argentine goods if approved. Continued reliance on Vaca Muerta output remains a primary factor in maintaining the country's energy trade surplus, despite a noted year-over-year decline in the monthly energy surplus recorded in June.
Sources
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