Argentina’s exports surpass $100 billion for the first time

Argentine exports reached a new high, exceeding $100.845 billion over the last twelve months, driven primarily by the Vaca Muerta formation. The trade surplus also hit a new record of $26.472 billion; however, a decline in imports of productive goods raises questions regarding economic activity.

Higher exports and a record trade surplus mean an increased inflow of dollars, which strengthens the Central Bank of Argentina’s (BCRA) reserves and improves the outlook for Argentine bonds and stocks.