2025 Q1 Argentina Trade Data Summary: Surplus Narrows

Argentina 2025 Q1 Trade Data Key Takeaways

• Market Trend: Argentina trade data shows exports up 7.4% and imports surging 34.9% in Q1, narrowing the surplus.
• Key Driver: Argentina import export data reveals HS 99 dominates exports (32.9%), while China and Brazil supply 48.7% of imports.
• Strategic Risk: High export concentration and import reliance on two partners expose dual supply chain vulnerabilities.

Analysis covers 2025 Q1 based on sanitized customs records from the yTrade database.

Argentina 2025 Q1 Trade Data Trend Overview

• Argentina's trade-dependent economy, a major agricultural and energy exporter, showed robust expansion in Q1 2025, with the latest Argentina global trade data indicating a strong start to the year amid ongoing structural reforms and a pivotal new trade framework with the U.S.
• Exports surged 7.4% year-on-year to $6.64B in March, while imports jumped a sharp 34.9% to $6.02B, reflecting both recovering domestic demand and improved market access; the Argentina import export data reveals a quarter of accelerating bilateral flows, particularly with key partners.
• This resulted in a solid quarterly trade surplus of approximately $620M, though the margin narrowed from prior periods as import growth significantly outpaced exports by the quarter's end.
• The import surge was likely driven by the immediate effects of the U.S.-Argentina Framework Agreement, which eliminated licensing requirements and conformity assessments for U.S. goods [GFM Legal], facilitating increased inflows of machinery, chemicals, and motor vehicles as the economy rebounded.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Argentina 2025 Q1 Top Trading Products

Argentina Global Trade Core Summary

Argentina's exports are heavily resource-driven, with cereals (14.4%), mineral fuels (9%), and animal fats (7.9%) as top categories. A single HS code (99) dominates at 32.9% of exports, indicating high concentration risk. Imports focus on machinery (18%), vehicles (16.6%), and electrical equipment (12.5%), showing reliance on manufactured goods. The trade structure reveals an agricultural and energy export base paired with industrial import needs.

Key takeaways:

• High dependence on one export category (HS 99) poses vulnerability.
• Strong agricultural export performance (cereals, meat, oils).
• Industrial machinery and vehicles dominate imports.

Argentina Export-Import Structural Gap

Argentina exports raw materials but imports finished goods, highlighting an industrial gap. The overlap in vehicles (HS 87) shows some local assembly, but imports are 3x higher than exports. Mineral fuels appear in both lists, suggesting partial self-sufficiency. The import-heavy machinery and electronics sectors point to opportunities for local manufacturing development. This trade pattern fits a resource-rich economy with untapped industrial potential.

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

Check Detailed Argentina Trade HS Code Breakdown

Argentina 2025 Q1 Top Trading Countries

Argentina Global Trade Key Patterns

Argentina's exports show moderate concentration, with Brazil (15.2%) and Chile (9.25%) as top destinations, followed by the U.S. (8.35%) and India (5.63%). Imports are heavily reliant on Mainland China (24.67%) and Brazil (23.99%), with the U.S. (8.71%) a distant third. Export markets are more diversified across Latin America (Chile, Peru, Uruguay), Asia (India, Vietnam), and the Middle East (Saudi Arabia), while imports skew toward a few key suppliers. Key asymmetries include:

• Export diversification vs. import dependence on China and Brazil.
• Strong Latin American trade ties in both exports and imports.
• Limited overlap in top partners—only Brazil, the U.S., India, and Vietnam appear in both lists.

Argentina Export–Import Geographic Gap

Exports reach a broader mix of regions, while imports depend heavily on two suppliers (China and Brazil). The U.S., India, and Vietnam are shared partners, suggesting some processing trade. The structure implies upstream supplier risk (narrow import base) but downstream market resilience (spread exports). Trade leans regional (Latin America) for exports but global for critical imports like Chinese goods. This gap highlights vulnerability in supply chains despite diversified sales.

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

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Frequently Asked Questions

What are the major products exported by Argentina in 2025 Q1?

Argentina's top exports in Q1 2025 included unspecified goods under HS Code 99 (32.86% of exports), cereals (14.41%), and mineral fuels (9.03%), based on the highest export values.

What are the main products Argentina imports in 2025 Q1?

The country primarily imported nuclear reactors/machinery (18.05% of imports), vehicles (16.57%), and electrical machinery (12.52%), as per the highest import values.

Which countries are the top destinations for Argentina's exports in 2025 Q1?

Mainland China (24.67% of exports) and Brazil (23.99%) were Argentina's largest export markets, followed by the United States (8.71%).

Which countries supply most of Argentina's imports in 2025 Q1?

Brazil (15.20% of imports), Chile (9.25%), and the United States (8.35%) were the top origins of Argentina's imports.

How balanced are Argentina's export and import markets in 2025 Q1?

Argentina maintained a $620M trade surplus, though imports grew faster (34.9% YoY) than exports (7.4% YoY), narrowing the surplus margin.

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