2024 Sep Argentina Trade Data Summary: Exports Surge

Argentina 2024 Sep Trade Data Key Takeaways

• Market Trend: Argentina trade data shows exports surged 20.9% YoY to $6.95B, while imports fell 8.5%, widening surplus to $980M.
• Key Driver: Argentina import export data reveals agricultural goods (30% of exports) and machinery (16% of imports) dominate trade flows.
• Strategic Risk: Heavy import reliance on Brazil and China (47.7% share) exposes upstream supply-chain vulnerabilities.

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

Argentina 2024 Sep Trade Data Trend Overview

• Argentina, a major agricultural and commodity exporter, posted robust September trade figures, with its global trade data reflecting strong external demand for key shipments.
• The Argentina import export data for September 2024 shows exports surged 20.9% year-on-year to $6.95 billion, while imports contracted 8.5% to $5.97 billion.
• This divergence generated a monthly trade surplus of $980 million, reinforcing a positive balance trend.
• The export strength likely stems from sustained high global prices for agricultural goods like soy and corn, while import weakness points to domestic economic constraints dampening purchase of foreign goods.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Argentina 2024 Sep Top Trading Products

Argentina Global Trade Core Summary

Argentina's exports are heavily resource-driven, with agricultural and food products dominating. The top export categories include cereals (9.7%), animal feed (9.6%), and mineral fuels (8.0%), alongside vehicles (10.0%). This shows a strong reliance on primary goods. Imports, however, focus on machinery (16.0%), electrical equipment (11.6%), and vehicles (16.5%), indicating a need for industrial inputs. The trade structure highlights Argentina’s role as a key agricultural exporter while depending on foreign manufacturing goods.

Key takeaways:

• Agriculture and food products make up nearly 30% of exports.
• Vehicle trade is significant in both exports and imports.
• Heavy reliance on imported machinery and electronics.
• Limited high-value manufacturing exports.

Argentina Export-Import Structural Gap

Argentina exports raw and processed agricultural goods but imports high-value industrial products like machinery and electronics. The overlap in vehicle trade (exports and imports) suggests assembly or re-export activity. The gap shows a classic resource-based economy, with limited industrial upgrading. The country could benefit from adding value to agricultural exports or reducing machinery dependence through local production. Trade data confirms a need for diversification beyond primary goods.

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

Check Detailed Argentina Trade HS Code Breakdown

Argentina 2024 Sep Top Trading Countries

Argentina Global Trade Key Patterns

Argentina's exports show moderate diversification, with Brazil as the top destination (18.9% share, $1.32B), followed by Chile (8.8%) and the U.S. (7.1%). Other key markets include Mainland China (6.0%) and Vietnam (4.7%), indicating a mix of regional (Latin America) and global demand. Imports are more concentrated, with Brazil (24.5%, $1.46B) and Mainland China (23.2%, $1.38B) dominating nearly half of inbound trade. The U.S. (8.5%) and Germany (4.2%) are secondary suppliers. Key asymmetries include:

• Exports spread across Latin America, Asia, and Europe; imports heavily reliant on Brazil and China.
• No single export market exceeds 20% share, but two suppliers cover 47.7% of imports.
• Overlap exists with Brazil, China, the U.S., and India in both trade flows.

Argentina Export–Import Geographic Gap

Exports reach diversified markets, while imports depend heavily on Brazil and China, revealing upstream supply-chain risks. The export mix is regional (Latin America) and global (Asia, North America, Europe), whereas imports are more regionally skewed (Latin America) with critical Asian inputs. Overlapping trade partners (Brazil, China, U.S., India) suggest processing trade or bilateral exchange of distinct goods. The structure shows downstream diversification but upstream supplier concentration, particularly in manufacturing or industrial inputs from China and Brazil.

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 Sep?

Argentina's top exports in September 2024 included vehicles (29.11% share, $2.02B), cereals (9.68%, $673.22M), and food industry residues (9.58%, $666.12M), based on HS code data.

What are the main products Argentina imports in 2024 Sep?

Key imports were vehicles (16.48%, $984.07M), machinery (16.04%, $957.50M), and electrical equipment (11.62%, $694.07M), per HS code analysis.

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

Brazil (24.53%, $1.46B), Mainland China (23.15%, $1.38B), and the United States (8.48%, $506.38M) were Argentina’s largest export markets.

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

Brazil (18.93%, $1.32B), Chile (8.78%, $610.29M), and the United States (7.12%, $494.94M) were the primary import sources.

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

Argentina recorded a $980M trade surplus, with exports surging 20.9% to $6.95B and imports declining 8.5% to $5.97B, reflecting strong agricultural demand and weaker domestic consumption.