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LatinNews Daily - 20 February 2026

In brief: Argentina’s trade surplus grows

*Argentina’s national statistics institute (Indec) has released its latest figures for the country’s trade balance of goods, showing a trade surplus of US$1.99bn in January 2026, up from US$1.93bn in December 2025, and a significant rise on the US$162m posted in January 2025. Argentina’s exports in January this year totalled US$7.06bn, up 19.3% year-on-year, while imports totalled US$5.07bn, down 11.9% year-on-year. Exports of primary products posted a significant yearly rise, with a monthly export value of US$2.06bn, up 35.4% year-on-year. Exports of manufactured agricultural products were up 10.1% in January year-on-year, totalling US$2.28bn while manufactured industrial goods were also up, totalling US$1.94bn (+37.0%). However, exports of fuel and energy were down 14.1% to US$781m. Argentina’s top export destinations in January were the US, with an export value of US$941m (+67.9% year-on-year), and Brazil (US$651m, -16.2%), while exports to China totalled US$414m (+44.4%). China was also the main source of imports, which totalled US$1.44bn (-6.4% year-on-year), followed by Brazil on US$944m (-25.7%).

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