Argentina's energy trade surplus reached its highest level in 18 years in 2024, surging to $5.668 billion due to a 22.3% increase in exports and a 49.4% decline in imports. This boost comes under President Javier Milei's administration, which aims to revolutionize Argentina's domestic energy sector to stimulate its economy and foreign exchange reserves.
Argentina’s energy trade surplus surged to its highest level in 18 years in 2024 as exports jumped by 22.3% while imports slumped by 49.4%, data from the Argentinian government showed. The biggest energy surplus in nearly two decades is a win for the first year in office of President Javier Milei, who has promised a domestic energy revolution to boost Argentina’s economy, exports, and foreign exchange revenues and reserves. Argentina’s energy trade surplus rose to $5.
Argentina’s shale province Vaca Muerta has been touted for years as the next Permian that would make the South American country a net exporter of energy after decades of import dependence. After years of underwhelming performance in the shale basin, Milei has started to turn the fortunes for Vaca Muerta and its operators. The president has enacted market reforms to encourage large-scale and foreign investments into the energy sector, hoping that oil and gas exports would bring in billions of U.
ENERGY TRADE SURPLUS ARGENTINA Vaca MUERTA EXPORTS
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