Exports reached USD 8.914 billion, driven by strong growth in Energy and Industrial Manufacturing, while the accumulated trade surplus already exceeds USD 8.277 billion in 2026.
In a historic turn that validates the economic direction of the administration of Javier Milei, Argentina achieved a new milestone in its foreign trade. During the month of April, the country reached a trade surplus of US$ 2.711 billion, while exports soared to a historic record for a single month, consolidating a positive trend in global markets. Official data released by INDEC reveals that exports of goods reached US$ 8.914 billion, representing a growth of 33.6% compared to the same month of the previous year.
This increase was explained by a rise of 20.6% in the quantities sold and an improvement of 10.8% in prices. The Minister of Economy, Luis Caputo, celebrated these results on his social media, stating: “In April, goods exports reached a new historical maximum”.
Toto Caputo on X:
According to the head of the Treasury, the growth was widespread, with special prominence from the following sectors:
Fuels and Energy (CyE): recorded a year-on-year increase of 85.9%, also marking a historic record for the sector.
Manufactures of Industrial Origin (MOI): grew by 43.3%, reaching their highest value since November 2012.
Primary Products: increased by 25%.
Manufactures of Agricultural Origin (MOA): rose by 14.1%.
On the other hand, imports totaled US$ 6.204 billion, which represented a decrease of 4% compared to April 2025. The decline was led by the category of Fuels and Lubricants, which fell by 45.4% —equivalent to US$ 126 million— mainly due to a reduction of 43.4% in the quantities imported.
President Javier Milei and Minister Luis Caputo
The strength of this performance is also reflected in the accumulated data for the first four months of 2026. Between January and April, exports already total US$ 30.820 billion, exceeding the level recorded in the same period of the previous year by 21.5%. Meanwhile, the accumulated trade surplus reached US$ 8.277 billion.
In comparison to the close of 2025, when exports totaled US$ 87.077 billion and imports reached US$ 75.791 billion, generating a positive balance of US$ 11.286 billion, projections for this year show an even more favorable outlook.
The Market Expectations Survey (REM) from the Central Bank of the Argentine Republic estimates that 2026 will close with:
Total exports:US$ 96.056 billion.
Total imports:US$ 79.550 billion.
Annual trade surplus:US$ 16.506 billion, which would represent an improvement of nearly 50% compared to the previous year.
These results reflect the strong growth of the Argentine export sector and the impact that the recovery of economic activity is having on the country's foreign trade.
