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Under Milei’s leadership, Argentina turned a $7.94B trade deficit in 2023 into a record-smashing $18-19B surplus in 2024, surpassing the previous high of $16.89B in 2009. His push to boost energy exports from the Vaca Muerta shale reserves and ramp up grain sales is paying off, making Argentina a global exporting powerhouse again. With inflation already down from nearly 300% to 117.8%, Milei’s economic reforms are proving their worth. Source: Reuters submitted by /u/FXgram_ |
Argentina hits record trade surplus in Milei’s first year
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