Argentina’s trade balance recorded a surplus of US$2.711 billion in April, representing the 29th consecutive month of positive results. The outcome was propelled by an unprecedented surge in exports coupled with a reduction in imports. Total trade exchange — combining both flows — reached US$15.118 billion, reflecting a year-on-year increase of 15.1 percent. Exports totalled US$8.914 billion, reflecting a significant 33.6-percent annual increase. The increase was propelled by a 20.6-percent surge in export volumes alongside a 10.8-percent rise in prices. Separate data on economic activity revealed ongoing disparities across sectors.
Mining, financial intermediation, and agriculture are anticipated to maintain growth at or above the rate indicated by the Monthly Economic Activity Estimator, whereas industry and commerce are expected to underperform. The latest available EMAE figures indicated the most significant monthly contraction since December 2023, with activity declining by 2.6 percent month-on-month.
In comparison to the corresponding month in 2025, activity experienced a decline of 2.1 percent, representing the most significant contraction since the 2.4-percent decrease noted in September 2024. Economy Minister Luis Caputo stated that the underlying trend continued to be positive despite the decline observed in February, contending that the month experienced two fewer working days compared to the same period in 2025 and was also influenced by a general strike.