Argentina logged its largest energy trade surplus in nearly two decades last year, the energy secretariat said on Tuesday, marking a win for libertarian President Javier Milei who has vowed to use oil and gas exports to propel the weakened economy out of recession.

Argentia recorded its biggest-ever trade surplus in 2024 – partly due to a drop in imports caused by recession.

Argentina posted a record $18.9 billion trade surplus for 2024, according to official data released on Monday, that largely coincides with libertarian President Javier Milei's first full year on the job.

Argentina reported a record $18.9 billion trade surplus for 2024, driven by increased exports and reduced public spending under President Javier Milei. The surplus surpassed a previous high set in 2009 and reflected thirteen consecutive months of positive trade balance,