Argentina’s exports are set to reach a new record of US$ 94.4 billion in 2026, allowing the country to close the year with a US$ 16 billion trade surplus, according to private consultancy ABECEB.

That would mean an 8.4% year-on-year growth and would top the previous all-time high of US$ 88.4 billion set in 2022.

The country’s top “export engine” is still farming, with estimated growth of 6.9%, thanks to a record harvest, the return to normal export sales after the unification of the exchange rate, and stronger international demand, especially from China and Southeast Asia.

This export growth reflects a reshaping of Argentina’s export base, which is becoming less dependent on the agribusiness complex.

“2026 wouldn’t just be a nominal record. It would lock in a qualitative shift in the makeup of Argentina’s exports: alongside agriculture’s traditional strength, Vaca Muerta, metals mining, and lithium are taking up more and more space,” said Natacha Izquierdo, ABECEB’s chief operating officer.