First, the good news: for the second year running, the Milei government achieved a trade surplus in 2025, with a positive balance of US$11.286 billion, according to Argentina’s statistical institute, INDEC. December finished with a US$1.9 billion surplus, the second highest figure of the year, only surpassed by the November surplus. It means Argentina has accumulated 25 consecutive months with a trade surplus, which coincides exactly with the length of Javier Milei’s term as president. Exports of goods totaled US$87 billion in 2025 — close to the 2022 record of US$88 billion. However, even with that rise, last year’s trade surplus was 40% lower than the previous year, when it reached almost US$18.9 billion.

Source: Bueno Aires Herald January 21, 2026 14:29 UTC