(Energy Analytics Institute, 20.Dec.2024) — Argentina’s national government said the South American country registered an energy trade balance surplus of over $514mn in Nov. 2024, and a surplus of $4,806mn in the first 11 months of 2024 owing to a growth in exports and a sharp drop in imports.
In the 11 month period between Jan. 2024-Nov. 2024, fuel and energy exports rose 19.9% to reach $8.626bn, a value that represents 6.7% of Argentina’s total exports, Argentina’s Energy Secretariat said 20 Dec. 2024 in an official statement.
The bulk of the exports went to neighboring Chile where Argentine export revenues reached $2.43bn in the Jan 2024-Nov. 2024 period, up 64.7% compared to the same 11 month period in 2023.
On the other hand, energy, fuel and lubricants imports totaled $3.82bn in the Jan. 2024-Nov. 2024 period, down 49.8% compared to the same 11 month period in 2023. Importantly, there were notable declines in liquefied natural gas (LNG) and diesel imports, which fell 62.5% and 52%, respectively, according to the secretariat.
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By Piero Stewart reporting from Caracas. © Energy Analytics Institute (EAI). All Rights Reserved.