2024 Dec Argentina Trade Data Summary: Exports Surge

Argentina 2024 Dec Trade Data Key Takeaways

• Market Trend: Argentina trade data shows exports surged 33.7% YoY to $7.05B, widening the trade surplus to $1.68B.
• Key Driver: Argentina import export data reveals resource-driven exports (fuels, cereals) but heavy reliance on machinery/vehicle imports.
• Strategic Risk: High import dependency on Brazil and China exposes supply chain fragility.

Analysis covers 2024 Dec based on sanitized customs records from the yTrade database.

Argentina 2024 Dec Trade Data Trend Overview

• Argentina, a major agricultural and commodity exporter, closed 2024 with robust trade flows, as reflected in the latest Argentina global trade data.
• December's Argentina import export data shows exports surged 33.7% YoY to $7.05B, while imports rose 26.1% to $5.37B, indicating strong bilateral and commodity-driven activity.
• The trade surplus widened significantly to $1.68B, reinforcing the nation's net exporter status amid ongoing economic rebalancing efforts.
• This expansion was likely propelled by Argentina's aggressive trade liberalization under the Milei administration and improved market access frameworks, including the recently announced U.S.-Argentina trade cooperation [U.S.-Argentina Reciprocal Trade and Investment Framework].

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Argentina 2024 Dec Top Trading Products

Argentina Global Trade Core Summary

Argentina's exports are heavily resource-driven, with mineral fuels (11.6%), cereals (10.3%), and animal/vegetable fats (8.5%) dominating. A significant portion (32.98%) falls under an unspecified HS code (99), suggesting potential unclassified or mixed goods. Vehicle exports (9%) add some manufacturing diversity. Imports, however, skew toward machinery (16.2%), electrical equipment (11.3%), and vehicles (19.2%), highlighting reliance on industrial inputs. Key takeaways:

• Resource dependency: Exports lean on agriculture and fuels, exposing vulnerability to commodity price swings.
• Limited manufacturing depth: Vehicle exports exist but are overshadowed by raw materials.
• High import needs: Machinery and tech imports signal reliance on foreign industrial capacity.

Argentina Export-Import Structural Gap

Argentina exports raw or semi-processed goods (fuels, crops) while importing high-value machinery and vehicles—a classic resource economy gap. The overlap in vehicle trade (exports at 9%, imports at 19%) suggests assembly or partial manufacturing, not full supply chain control. The lack of advanced exports (e.g., pharmaceuticals, electronics) in the top 10 underscores an opportunity to upgrade industrial output. Imports of plastics and chemicals further reveal reliance on foreign inputs for production. This structure points to untapped potential in local manufacturing and value-added processing.

Table: Argentina Top Import & Export Product Categories (Source: yTrade)

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Argentina 2024 Dec Top Trading Countries

Argentina Global Trade Key Patterns

Argentina's exports show moderate concentration, with Brazil (18.05%) and Chile (10.59%) as top destinations, followed by the U.S. (8.81%) and India (6.94%). Imports are more heavily reliant on Brazil (25.28%) and Mainland China (22.49%), with the U.S. (9.99%) as a secondary supplier. Export markets are somewhat diversified across the Americas, Asia, and Europe, while imports depend heavily on a few key partners. Key asymmetries include higher import reliance on China and Brazil compared to export dependence.

• Top exports go to Brazil, Chile, and the U.S.
• Imports dominated by Brazil and China, showing supplier dependence
• Exports more regionally focused (Americas), imports more global (Asia, Europe)
• Overlap with U.S., Brazil, and India in both lists suggests two-way trade

Argentina Export–Import Geographic Gap

Exports are spread across multiple regions but lean heavily toward the Americas, while imports are more concentrated, with Brazil and China accounting for nearly half of inbound trade. The U.S. appears in both top export and import lists, indicating processing or re-export activity. The structure suggests downstream diversification (exports) but upstream dependency (imports), particularly on China for manufactured goods. There is no clear regional bloc dominance, with trade ties spanning Latin America, North America, and Asia. This gap highlights Argentina's reliance on key suppliers for inputs while exporting to a broader set of markets.

Table: Argentina Top Destiantion & Origin Countries (Source: yTrade)

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Frequently Asked Questions

What are the major products exported by Argentina in 2024 Dec?

Argentina's top exports in December 2024 included "Description not available" (HS Code 99, 32.98% share), mineral fuels (HS Code 27, 11.61%), cereals (HS Code 10, 10.31%), and vehicles (HS Code 87, 8.95%).

What are the main products Argentina imports in 2024 Dec?

Argentina's primary imports were vehicles (HS Code 87, 19.16%), machinery (HS Code 84, 16.22%), electrical equipment (HS Code 85, 11.32%), and plastics (HS Code 39, 5.32%).

Which countries are the top destinations for Argentina's exports in 2024 Dec?

The leading export destinations were Brazil (25.28% share), Mainland China (22.49%), and the United States (9.99%), followed by Germany (4.52%) and Thailand (2.84%).

Which countries supply most of Argentina's imports in 2024 Dec?

Argentina's largest import sources were Brazil (18.05%), Chile (10.59%), the United States (8.81%), India (6.94%), and Mainland China (4.68%).

How balanced are Argentina's export and import markets in 2024 Dec?

Argentina recorded a $1.68B trade surplus in December 2024, with exports ($7.05B) growing 33.7% YoY and imports ($5.37B) rising 26.1%, reflecting strong commodity-driven trade activity.