Exports of goods reached a new historic record and Argentina's trade surplus increased

Thanks to the successful economic plan of the Government of Javier Milei, exports of goods registered an unprecedented performance in March and set a new historical record, according to the data released this Monday by INDEC

.

Total exports reached USD 8,645 million, representing a year-on-year increase of 30.1% and consolidating strong expansion in the foreign sector.

Growth was mainly driven by an increase of 25.3% in quantities exported, accompanied by a 3.9% rise in prices. In addition, the seasonally adjusted series showed an increase of 19.8%, while the cyclical trend increased 1.2% compared to the previous month, confirming the strength of the process

.

In parallel, imports reached USD 6,122 million in March, with a year-on-year increase of 1.7%. This increase was explained by a rise in prices of 5.8%, as quantities fell by 3.7%

.

In monthly terms, the seasonally adjusted series and the cyclical trend showed increases of 0.4% and 0.2%, respectively, compared to February 2026

.

As a result of this dynamic, the trade balance showed a surplus of USD 2,523 million, implying an improvement of USD 1,899 million compared to the same month of 2025.

Growth by category The

increase in exports, which totaled an additional USD 2,002 million compared to March last year, was explained by generalized increases in all areas.

Primary products (PP) led growth with an increase of 56.2% and an increase of $845 million.

In this segment, quantities grew 62.7%, while prices fell 3.8%. Within this category, the cereal subgroup stood out with the highest increase, contributing USD 421

million.

Industrial manufacturing (MOI) also showed strong performance, with growth of 26.4% and a year-on-year improvement of USD 502 million. In this case, both quantities and prices accompanied the expansion, with increases of 13.6% and 10.8%

, respectively.

Meanwhile, the fuel and energy (CyE) segment reached USD 1,235 million, the highest value recorded for this category. This result represented an increase of USD 232 million and a variation of 23.2% compared to March 2025. The performance was mainly driven by higher fuel and crude oil exports. The quantities exported grew 29.1%, although prices showed a fall

of 4.5%.

Finally, manufacturing of agricultural origin (MOA) totaled USD 2,659 million, with an increase of 18.9% year-on-year, equivalent to an additional USD 423 million. In this case, prices increased 9.7% and quantities 8.5%, consolidating the growth of the sector

.

The totality of these data confirms a scenario of strong export expansion in March, with record figures that reflect the boost in quantities sold abroad and a general improvement in all sectors.