Argentina’s energy trade balance posted a historic surplus of USD 6.987 billion in the first half of 2026, marking the highest figure ever recorded for the period.
The result, detailed in a report by the Rosario Chamber of Commerce, places the sector just USD 900 million shy of the entire 2025 annual surplus, highlighting the accelerating contribution of hydrocarbons to the country’s external accounts.
Energy exports represented more than 15% of Argentina’s total export volume during the six-month period.
Energy exports represented more than 15% of Argentina’s total export volume during the six-month period.
This concentration reflects the growing weight of the Vaca Muerta shale formation and increased LNG export capacity, which have transformed the energy sector from a net importer to a primary driver of foreign currency inflows.
The surge in energy revenues has provided a critical buffer against volatility in other parts of the trade balance.
The robust energy performance comes as other sectors face headwinds.