Argentina - Algeria Trade 2024 Q1: Surplus & Volatility
Key Market Takeaways: Argentina - Algeria Trade
The bilateral trade relationship between Argentina and Algeria is marked by growth and volatility, with Argentina holding a dominant trade surplus in Q1 2024.
- Economic Pulse: Argentina posted a $333.98M trade surplus ($353.61M exports vs. $19.63M imports), though both flows showed extreme YoY volatility—exports surged 354% in January before contracting, while imports swung from +5019% to -98%.
- Exchange Structure: Argentina - Algeria trade statistics reveal a resource-for-resource complementarity: cereals (61% of exports) fuel Algeria’s food security, while fertilizers (92% of imports) sustain Argentina’s agro-export engine.
- Strategic Interdependence: The partnership is tightly linked but lopsided—Argentina’s high-value agro-exports depend on Algeria’s upstream inputs, creating a fragile equilibrium.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Algeria Trade Trend in Q1 2024
Argentina Export Performance: Shipments to Algeria
- Total Volume: $353.61M in Q1 2024.
- Growth Trend & Context:
- YoY growth was erratic, with January surging 354.09% followed by contractions in February (-2.76%) and March (-16.23%).
- Key Volatility: January saw a 124.15% MoM spike, while February dropped 36.07%.
Argentina Import Performance: Sourcing from Algeria
- Total Volume: $19.63M in Q1 2024.
- Growth Trend & Context:
- Extreme YoY volatility: January surged 5019.99%, but February and March plummeted (-98.45% and -90.58%, respectively).
- Key Volatility: February recorded a -99.76% MoM collapse, rebounding 350.66% in March from a low base.
Argentina - Algeria Trade Balance & Market Dynamics
- Net Position: Argentina holds a trade surplus of $333.98M (Exports: $353.61M vs. Imports: $19.63M).
- Relationship Status: Dominant net exporter, with imports from Algeria negligible relative to exports.
Argentina Import Trend from Algeria 2024 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 19.37M | 37.99% | 5019.99% |
| Feb | 46.41K | -99.76% | -98.45% |
| Mar | 209.17K | 350.66% | -90.58% |
| Total | 19.63M | - | - |
Argentina Export Trend to Algeria 2024 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 139.96M | 124.15% | 354.09% |
| Feb | 89.47M | -36.07% | -2.76% |
| Mar | 124.17M | 38.78% | -16.23% |
| Total | 353.61M | - | - |
Get Historical Argentina Algeria Trade Records
Argentina-Algeria Top Trading Products in Q1 2024
Argentina Export Profile: What Does Argentina Sell to Algeria
- Top Commodity: Cereals (HS Code 10) dominate exports, accounting for 60.66% of total value.
- Demand Driver: Algeria relies on these for food security and domestic consumption, given its limited arable land.
- Concentration: High—top two categories (Cereals and Dairy, HS Code 04) make up 77.68% of exports, indicating heavy reliance on agricultural goods.
Argentina Import Profile: What Does Argentina Buy from Algeria
- Top Commodity: Fertilizers (HS Code 31) represent 92.03% of imports, a near-monopoly share.
- Dependency Nature: Critical for Argentina’s agricultural sector, reflecting a raw material dependency to sustain its own agro-exports.
Argentina - Algeria Trade Relationship Dynamics
- The Exchange Model: Resource-for-Resource Complementarity. Argentina supplies food (Cereals, Dairy) while Algeria provides fertilizers, enabling Argentina’s agricultural output.
- Value Chain Position: Argentina holds higher value-add in processed agro-exports (e.g., Dairy HS Code 04), while Algeria’s exports are upstream inputs (Fertilizers).
Import Analysis by Product: Algeria to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 31 | 18.06M | 92.03% |
| 28 | 758.19K | 3.86% |
| 25 | 752.36K | 3.83% |
| 08 | 46.41K | 0.24% |
| 84 | 7.96K | 0.04% |
| 99 | 70.00 | 0.00% |
Export Analysis by Product: Argentina to Algeria (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 10 | 214.49M | 60.66% |
| 04 | 60.18M | 17.02% |
| 99 | 35.95M | 10.17% |
| 23 | 30.18M | 8.54% |
| 15 | 11.92M | 3.37% |
| 03 | 899.57K | 0.25% |
Check Detailed Argentina-Algeria Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade surplus with Algeria is expected to remain robust in Q2 2024, driven by sustained demand for cereals and dairy products. However, volatility in monthly export growth signals potential supply chain disruptions or pricing fluctuations, requiring proactive risk management. Fertilizer imports from Algeria will likely rebound as Argentina’s agricultural sector gears up for planting seasons, but traders should anticipate erratic shipment schedules due to Algeria’s inconsistent export performance. The resource-for-resource trade model will persist, but diversification is critical to mitigate overreliance on a few key commodities.
Strategic Moves
- Lock in Cereal Contracts: Exporters should secure long-term agreements with Algerian buyers to stabilize revenue streams amid volatile monthly demand swings.
- Diversify Fertilizer Sources: Importers must reduce dependency on Algerian fertilizers by exploring alternative suppliers in Morocco or Russia to avoid supply shocks.
- Monitor Currency Fluctuations: Traders on both sides should hedge against peso/dinar volatility, especially given Argentina’s inflationary pressures and Algeria’s export instability.
Frequently Asked Questions
How did Argentina - Algeria trade perform in 2024 Q1?
Argentina exported $353.61M to Algeria in Q1 2024, with erratic YoY growth, while imports from Algeria totaled $19.63M, showing extreme volatility.
What are the top exports from Argentina to Algeria?
Cereals (HS Code 10) dominate, accounting for 60.66% of exports, followed by Dairy (HS Code 04), making up 77.68% of total export value.
What does Argentina import from Algeria?
Fertilizers (HS Code 31) represent 92.03% of Argentina’s imports from Algeria, reflecting a near-monopoly share.
What is the trade balance between Argentina and Algeria?
Argentina holds a trade surplus of $333.98M (Exports: $353.61M vs. Imports: $19.63M), maintaining a dominant net exporter position.
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