Argentina - Brazil Trade 2024 Whole Year: Auto-Driven Recovery
Key Market Takeaways: Argentina - Brazil Trade
The bilateral trade relationship between Argentina and Brazil showed mixed growth with late-year export recovery in 2024.
- $27.9B Total Trade, Narrowing Deficit: Argentina ran a $690M trade deficit with Brazil ($14.31B imports vs. $13.62B exports), but Q4 export surges (+47.31% YoY in December) signaled rebalancing.
- Auto-Driven Intra-Industry Trade: Argentina-Brazil trade statistics reveal bidirectional vehicle flows (HS 87, 35%+ share both ways), highlighting deep automotive supply chain integration.
- Fragile Diversification: Top 3 products dominate 70% of Argentina’s exports to Brazil, exposing reliance on a narrow basket—while Brazil’s broader export mix suggests stronger industrial flexibility.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Brazil Trade Trend in Whole Year 2024
Argentina Export Performance: Shipments to Brazil
- Total Volume: $13.62B in 2024.
- Growth Trend & Context:
- Exports to Brazil showed mixed YoY performance, with strong growth in late 2024 (e.g., +39.99% YoY in November, +22.7% in December). Early months saw modest gains or declines (e.g., +0.66% YoY in March, -2.79% in April).
- No specific trade news or policy changes were cited to explain these fluctuations.
- Key Volatility: June saw a sharp MoM drop (-10.8%), while February and March posted strong MoM gains (+19.54% and +10.78%, respectively).
Argentina Import Performance: Sourcing from Brazil
- Total Volume: $14.31B in 2024.
- Growth Trend & Context:
- Imports from Brazil faced significant YoY declines in the first half (-51.11% YoY in June, -42.68% in May), rebounding sharply in Q4 (+47.31% YoY in December).
- No external events were provided to contextualize the volatility.
- Key Volatility: September recorded the highest MoM surge (+23.37%), while June had the steepest MoM drop (-10.76%).
Argentina - Brazil Trade Balance & Market Dynamics
- Net Position: Argentina ran a trade deficit of $690M with Brazil in 2024 (Imports: $14.31B > Exports: $13.62B).
- Relationship Status: Argentina remains a net importer from Brazil, though the deficit narrowed in late 2024 as exports accelerated. The rebound in Q4 exports suggests recovering demand or competitive pricing shifts.
Argentina Import Trend from Brazil 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 889.79M | -3.39% | -24.19% |
| Feb | 1.03B | 15.95% | -10.36% |
| Mar | 1.08B | 5.1% | -36.09% |
| Apr | 1.05B | -2.82% | -34.66% |
| May | 1.12B | 6.53% | -42.68% |
| Jun | 1.00B | -10.76% | -51.11% |
| Jul | 1.19B | 18.39% | -25.61% |
| Aug | 1.19B | 0.08% | -14.49% |
| Sep | 1.46B | 23.37% | -1.01% |
| Oct | 1.56B | 6.25% | 26.32% |
| Nov | 1.38B | -11.53% | 32.56% |
| Dec | 1.36B | -1.44% | 47.31% |
| Total | 14.31B | - | - |
Argentina Export Trend to Brazil 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 861.12M | -16.95% | 20.03% |
| Feb | 1.03B | 19.54% | 16.32% |
| Mar | 1.14B | 10.78% | 0.66% |
| Apr | 1.06B | -7.37% | -2.79% |
| May | 1.11B | 5.3% | 12.05% |
| Jun | 992.27M | -10.8% | 9.25% |
| Jul | 1.13B | 13.52% | 11.33% |
| Aug | 1.20B | 6.15% | 19.85% |
| Sep | 1.32B | 10.08% | 11.9% |
| Oct | 1.31B | -0.78% | 24.51% |
| Nov | 1.21B | -7.61% | 39.99% |
| Dec | 1.27B | 5.44% | 22.7% |
| Total | 13.62B | - | - |
Get Historical Argentina Brazil Trade Records
Argentina-Brazil Top Trading Products in Whole Year 2024
Argentina Export Profile: What Does Argentina Sell to Brazil
- Top Commodity: Vehicles (HS 87) dominate exports, accounting for 35.43% of total shipments to Brazil.
- Demand Driver: Brazil’s auto industry relies on Argentine vehicle imports, likely due to regional supply chain integration or preferential trade agreements.
- Concentration: The top 3 exports (HS 87, 99, 10) make up 69.95% of total exports, indicating high reliance on a narrow basket of goods.
Argentina Import Profile: What Does Argentina Buy from Brazil
- Top Commodity: Vehicles (HS 87) also lead imports, representing 35.61% of Argentina’s purchases from Brazil.
- Dependency Nature: The bidirectional flow of vehicles (HS 87) suggests intra-industry trade, possibly parts or finished autos. Raw materials like ores (HS 26) and plastics (HS 39) hint at industrial input dependency.
Argentina - Brazil Trade Relationship Dynamics
- The Exchange Model: Intra-Industry Trade dominates, with vehicles (HS 87) traded both ways. This reflects deep supply chain integration, likely in the automotive sector.
- Value Chain Position: Both countries exchange similar high-value products (e.g., vehicles), but Brazil’s larger export diversity (e.g., HS 99, 10) may indicate a slightly more diversified industrial base.
Import Analysis by Product: Brazil to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 5.10B | 35.61% |
| 84 | 1.42B | 9.93% |
| 39 | 769.60M | 5.38% |
| 85 | 690.83M | 4.83% |
| 72 | 617.90M | 4.32% |
| 26 | 572.89M | 4.00% |
| 48 | 427.64M | 2.99% |
| 40 | 411.00M | 2.87% |
| 38 | 329.92M | 2.31% |
| 27 | 286.36M | 2.00% |
Export Analysis by Product: Argentina to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 4.82B | 35.43% |
| 99 | 3.25B | 23.89% |
| 10 | 1.45B | 10.63% |
| 27 | 795.40M | 5.84% |
| 04 | 614.39M | 4.51% |
| 11 | 383.35M | 2.82% |
| 84 | 381.54M | 2.80% |
| 20 | 332.61M | 2.44% |
| 08 | 223.59M | 1.64% |
| 07 | 196.21M | 1.44% |
Check Detailed Argentina-Brazil Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Argentina - Brazil trade forecast suggests a rebound in bilateral commerce, driven by recovering demand and strong Q4 2024 export growth. The intra-industry trade model, particularly in vehicles (HS 87), will likely deepen as supply chain integration strengthens. However, persistent volatility in imports and a narrowing trade deficit signal that Argentina must address structural dependencies to sustain long-term balance. Traders should prepare for continued fluctuations in key commodity flows, particularly in the automotive sector.
Strategic Moves
- Diversify Export Basket: Argentina’s overreliance on vehicles (HS 87) exposes it to sector-specific shocks. Exporters must expand into secondary high-value goods (e.g., HS 99, 10) to reduce concentration risk.
- Optimize Cross-Border Logistics: Given the bidirectional flow of auto parts and finished vehicles, firms should streamline customs clearance and adopt just-in-time inventory systems to cut costs.
- Leverage Trade Policy Tools: Argentina should negotiate targeted tariff reductions on raw material imports (e.g., HS 26, 39) to lower production costs and boost export competitiveness against Brazil’s diversified industrial base.
Frequently Asked Questions
How did Argentina - Brazil trade perform in 2024 Whole Year?
Argentina exported $13.62B to Brazil, with mixed YoY growth, while imports totaled $14.31B, showing sharp declines early but rebounding in
Q4.
What are the top exports from Argentina to Brazil?
Vehicles (HS 87) dominate, accounting for 35.43% of exports, followed by HS 99 and HS 10, making up 69.95% of total shipments.
What does Argentina import from Brazil?
Vehicles (HS 87) also lead imports (35.61%), alongside raw materials like ores (HS 26) and plastics (HS 39), reflecting industrial dependency.
What is the trade balance between Argentina and Brazil?
Argentina had a trade deficit of $690M with Brazil in 2024, though the gap narrowed in late 2024 as exports accelerated.
Argentina - Brazil Trade 2023 Q4: Trade Deficit Widens
Argentina's trade deficit with Brazil hit $240M in Q4 2023, as vehicle and machinery flows dominate bilateral trade trends. Explore yTrade's latest data on Argentina-Brazil top trading products.
Argentina - Brazil Trade 2024 Q1: Resilient Exports, Collapsing Imports
Argentina's trade with Brazil in Q1 2024 shows resilient exports but a sharp 36% drop in imports. Vehicles dominate Argentina Brazil top trading products, per yTrade data.
