Argentina’s energy surplus hits record $7bn in first half, bolstering currency reserves

The historic trade balance underscores the sector's role as a primary source of foreign currency earnings, reinforcing the country's external position amid broader export growth.

By Handelsavisen Newsroom · Automated 2026-07-26 14:59 UTC · 1 min read

Argentina’s energy trade balance reached a historic high in the first half of 2026, posting a surplus of USD 6.987 billion.

The figure marks the strongest performance for the period in a decade, cementing the energy sector as a critical pillar of the country’s foreign currency earnings.

5 billion in May for the first time, pushing the monthly trade surplus to new highs.

According to analysis by economist Nadin Argañaraz, the robust results reflect sustained strength in both oil and natural gas exports, which have become increasingly vital to the nation’s external accounts.

The surge in energy revenues comes as Argentina’s broader external trade sector also posted record-breaking figures.

Total exports surpassed USD 9.5 billion in May for the first time, pushing the monthly trade surplus to new highs.

This dual strength in energy and general merchandise exports has provided a significant buffer for the central bank, helping to stabilize currency reserves and support the peso against external pressures.