diff --git a/CHANGELOG.md b/CHANGELOG.md
index cb4d67d77d..2225df726e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,7 @@
 - [#4931](https://github.com/blockscout/blockscout/pull/4931) - Web3 modal with Wallet Connect for Write contract page and Staking Dapp
 
 ### Fixes
+- [#5032](https://github.com/blockscout/blockscout/pull/5032) - Fix token transfer csv export 
 - [#5020](https://github.com/blockscout/blockscout/pull/5020) - Token instance image display imrovement
 - [#5019](https://github.com/blockscout/blockscout/pull/5019) - Fix fetch_last_token_balance function termination
 - [#5011](https://github.com/blockscout/blockscout/pull/5011) - Fix `0x0` implementation address
diff --git a/apps/block_scout_web/test/block_scout_web/controllers/address_transaction_controller_test.exs b/apps/block_scout_web/test/block_scout_web/controllers/address_transaction_controller_test.exs
index c9be5bbcad..e28e6ac401 100644
--- a/apps/block_scout_web/test/block_scout_web/controllers/address_transaction_controller_test.exs
+++ b/apps/block_scout_web/test/block_scout_web/controllers/address_transaction_controller_test.exs
@@ -167,8 +167,8 @@ defmodule BlockScoutWeb.AddressTransactionControllerTest do
         |> insert(from_address: address)
         |> with_block()
 
-      insert(:token_transfer, transaction: transaction, from_address: address)
-      insert(:token_transfer, transaction: transaction, to_address: address)
+      insert(:token_transfer, transaction: transaction, from_address: address, block_number: transaction.block_number)
+      insert(:token_transfer, transaction: transaction, to_address: address, block_number: transaction.block_number)
 
       from_period = Timex.format!(Timex.shift(Timex.now(), minutes: -1), "%Y-%m-%d", :strftime)
       to_period = Timex.format!(Timex.now(), "%Y-%m-%d", :strftime)
diff --git a/apps/explorer/lib/explorer/chain.ex b/apps/explorer/lib/explorer/chain.ex
index 2515f1b8e2..c165eb66a1 100644
--- a/apps/explorer/lib/explorer/chain.ex
+++ b/apps/explorer/lib/explorer/chain.ex
@@ -559,22 +559,67 @@ defmodule Explorer.Chain do
   @spec address_hash_to_token_transfers_including_contract(Hash.Address.t(), Keyword.t()) :: [TokenTransfer.t()]
   def address_hash_to_token_transfers_including_contract(address_hash, options \\ []) do
     paging_options = Keyword.get(options, :paging_options, @default_paging_options)
+    from_block = Keyword.get(options, :from_block)
+    to_block = Keyword.get(options, :to_block)
 
     query =
-      from(
-        token_transfer in TokenTransfer,
-        where: token_transfer.to_address_hash == ^address_hash,
-        or_where: token_transfer.from_address_hash == ^address_hash,
-        or_where: token_transfer.token_contract_address_hash == ^address_hash
-      )
+      from_block
+      |> query_address_hash_to_token_transfers_including_contract(to_block, address_hash)
+      |> order_by([token_transfer], asc: token_transfer.block_number, asc: token_transfer.log_index)
 
     query
-    |> handle_paging_options(paging_options)
+    |> handle_token_transfer_paging_options(paging_options)
     |> preload(transaction: :block)
     |> preload(:token)
     |> Repo.all()
   end
 
+  defp query_address_hash_to_token_transfers_including_contract(nil, to_block, address_hash)
+       when not is_nil(to_block) do
+    from(
+      token_transfer in TokenTransfer,
+      where:
+        (token_transfer.to_address_hash == ^address_hash or
+           token_transfer.from_address_hash == ^address_hash or
+           token_transfer.token_contract_address_hash == ^address_hash) and
+          token_transfer.block_number <= ^to_block
+    )
+  end
+
+  defp query_address_hash_to_token_transfers_including_contract(from_block, nil, address_hash)
+       when not is_nil(from_block) do
+    from(
+      token_transfer in TokenTransfer,
+      where:
+        (token_transfer.to_address_hash == ^address_hash or
+           token_transfer.from_address_hash == ^address_hash or
+           token_transfer.token_contract_address_hash == ^address_hash) and
+          token_transfer.block_number >= ^from_block
+    )
+  end
+
+  defp query_address_hash_to_token_transfers_including_contract(from_block, to_block, address_hash)
+       when not is_nil(from_block) and not is_nil(to_block) do
+    from(
+      token_transfer in TokenTransfer,
+      where:
+        (token_transfer.to_address_hash == ^address_hash or
+           token_transfer.from_address_hash == ^address_hash or
+           token_transfer.token_contract_address_hash == ^address_hash) and
+          (token_transfer.block_number >= ^from_block and token_transfer.block_number <= ^to_block)
+    )
+  end
+
+  defp query_address_hash_to_token_transfers_including_contract(_, _, address_hash) do
+    from(
+      token_transfer in TokenTransfer,
+      where:
+        token_transfer.to_address_hash == ^address_hash or
+          token_transfer.from_address_hash == ^address_hash or
+          token_transfer.token_contract_address_hash == ^address_hash
+    )
+  end
+
   @spec address_to_logs(Hash.Address.t(), Keyword.t()) :: [Log.t()]
   def address_to_logs(address_hash, options \\ []) when is_list(options) do
     paging_options = Keyword.get(options, :paging_options) || %PagingOptions{page_size: 50}
@@ -4258,6 +4303,14 @@ defmodule Explorer.Chain do
     |> limit(^paging_options.page_size)
   end
 
+  defp handle_token_transfer_paging_options(query, nil), do: query
+
+  defp handle_token_transfer_paging_options(query, paging_options) do
+    query
+    |> TokenTransfer.page_token_transfer(paging_options)
+    |> limit(^paging_options.page_size)
+  end
+
   defp join_association(query, [{association, nested_preload}], necessity)
        when is_atom(association) and is_atom(nested_preload) do
     case necessity do
diff --git a/apps/explorer/lib/explorer/chain/address_token_transfer_csv_exporter.ex b/apps/explorer/lib/explorer/chain/address_token_transfer_csv_exporter.ex
index 4b73db11c6..fa8139a412 100644
--- a/apps/explorer/lib/explorer/chain/address_token_transfer_csv_exporter.ex
+++ b/apps/explorer/lib/explorer/chain/address_token_transfer_csv_exporter.ex
@@ -8,7 +8,7 @@ defmodule Explorer.Chain.AddressTokenTransferCsvExporter do
   alias NimbleCSV.RFC4180
 
   @page_size 150
-  @paging_options %PagingOptions{page_size: @page_size + 1}
+  @paging_options %PagingOptions{page_size: @page_size + 1, asc_order: true}
 
   @spec export(Address.t(), String.t(), String.t()) :: Enumerable.t()
   def export(address, from_period, to_period) do
@@ -30,7 +30,7 @@ defmodule Explorer.Chain.AddressTokenTransferCsvExporter do
 
     token_transfers = Chain.address_hash_to_token_transfers_including_contract(address_hash, options)
 
-    new_acc = token_transfers ++ acc
+    new_acc = acc ++ token_transfers
 
     case Enum.split(token_transfers, @page_size) do
       {_token_transfers, [%TokenTransfer{block_number: block_number, log_index: log_index}]} ->
diff --git a/apps/explorer/lib/explorer/chain/token_transfer.ex b/apps/explorer/lib/explorer/chain/token_transfer.ex
index 34ab5076c0..6a8022db35 100644
--- a/apps/explorer/lib/explorer/chain/token_transfer.ex
+++ b/apps/explorer/lib/explorer/chain/token_transfer.ex
@@ -219,6 +219,14 @@ defmodule Explorer.Chain.TokenTransfer do
     where(query, [tt], tt.token_id < ^token_id)
   end
 
+  def page_token_transfer(query, %PagingOptions{key: {block_number, log_index}, asc_order: true}) do
+    where(
+      query,
+      [tt],
+      tt.block_number > ^block_number or (tt.block_number == ^block_number and tt.log_index > ^log_index)
+    )
+  end
+
   def page_token_transfer(query, %PagingOptions{key: {block_number, log_index}}) do
     where(
       query,
diff --git a/apps/explorer/lib/explorer/paging_options.ex b/apps/explorer/lib/explorer/paging_options.ex
index cd7cbb2882..9af5b6bd6b 100644
--- a/apps/explorer/lib/explorer/paging_options.ex
+++ b/apps/explorer/lib/explorer/paging_options.ex
@@ -9,7 +9,8 @@ defmodule Explorer.PagingOptions do
           page_size: page_size,
           page_number: page_number,
           is_pending_tx: is_pending_tx,
-          is_index_in_asc_order: is_index_in_asc_order
+          is_index_in_asc_order: is_index_in_asc_order,
+          asc_order: asc_order
         }
 
   @typep key :: any()
@@ -17,6 +18,7 @@ defmodule Explorer.PagingOptions do
   @typep page_number :: pos_integer()
   @typep is_pending_tx :: atom()
   @typep is_index_in_asc_order :: atom()
+  @typep asc_order :: atom()
 
-  defstruct [:key, :page_size, page_number: 1, is_pending_tx: false, is_index_in_asc_order: false]
+  defstruct [:key, :page_size, page_number: 1, is_pending_tx: false, is_index_in_asc_order: false, asc_order: false]
 end
diff --git a/apps/explorer/test/explorer/chain/address_token_transfer_csv_exporter_test.exs b/apps/explorer/test/explorer/chain/address_token_transfer_csv_exporter_test.exs
index 62d97cd3fd..99655c832f 100644
--- a/apps/explorer/test/explorer/chain/address_token_transfer_csv_exporter_test.exs
+++ b/apps/explorer/test/explorer/chain/address_token_transfer_csv_exporter_test.exs
@@ -12,7 +12,8 @@ defmodule Explorer.Chain.AddressTokenTransferCsvExporterTest do
         |> insert(from_address: address)
         |> with_block()
 
-      token_transfer = insert(:token_transfer, transaction: transaction, from_address: address)
+      token_transfer =
+        insert(:token_transfer, transaction: transaction, from_address: address, block_number: transaction.block_number)
 
       from_period = Timex.format!(Timex.shift(Timex.now(), minutes: -1), "%Y-%m-%d", :strftime)
       to_period = Timex.format!(Timex.now(), "%Y-%m-%d", :strftime)