Argentina Current Account Posts US$2.2 Billion Surplus as Exports Jump
The Argentina current account posted a US$2.214 billion surplus in the second quarter of 2026, INDEC said, as goods exports rose US$6.5 billion in a year. The post Argentina Current Account Posts US$2.2 Billion Surplus as Exports Jump appeared first on The Rio Times .
Argentina's current account recorded a US$2.214 billion surplus in the second quarter of 2026, driven by a surge in exports, according to the country's official statistics agency. The surplus marks a dramatic turnaround from the previous year's deficit of US$2.452 billion and the first quarter's deficit of US$2.411 billion. The bulk of the gain came from rising exports, with goods exports reaching US$27.557 billion, up US$6.5 billion from the same period last year.
Soy, oil, petrochemicals, and corn were the top earners, while imports decreased slightly to US$18.264 billion. However, the primary-income account showed a deficit of US$6.032 billion, with most of the increase due to profits and dividends earned by foreign-owned companies. Despite this, foreign investors continued to buy US$4.933 billion in government debt securities, and the central bank's external debt fell by US$1.262 billion.
The surplus reflects Argentina's strength in seasonal exports, particularly the soy and corn harvests. However, the impact may fade as harvest shipments diminish in the second half of the year.
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