Argentina - Brazil Trade 2024 Q4: Persistent Volatility
Key Market Takeaways: Argentina - Brazil Trade
The bilateral trade relationship between Argentina and Brazil shows growth with persistent volatility in Q4 2024.
- Economic Pulse: Argentina posted a $510M trade deficit with Brazil ($3.78B exports vs. $4.29B imports), though export growth remained positive despite deceleration.
- Exchange Structure: Argentina - Brazil trade statistics reveal intra-industry dominance, with vehicles (HS 87) accounting for 41% of both exports and imports, signaling deep supply chain integration.
- Strategic Interdependence: The bilateral trade data highlights mutual reliance in automotive and industrial sectors, with neither country holding clear high-value-add dominance.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Brazil Trade Trend in Q4 2024
Argentina Export Performance: Shipments to Brazil
- Total Volume: $3.78B in Q4 2024.
- Growth Trend & Context: YoY growth remained positive but decelerated sharply in December (+22.7% vs. +39.99% in November). No trade policy shifts were reported to explain the volatility.
- Key Volatility: November saw a steep MoM drop (-7.61%), partially offset by a 5.44% rebound in December.
Argentina Import Performance: Sourcing from Brazil
- Total Volume: $4.29B in Q4 2024.
- Growth Trend & Context: YoY growth accelerated throughout the quarter, peaking at +47.31% in December, suggesting sustained demand despite MoM fluctuations.
- Key Volatility: November recorded the steepest MoM decline (-11.53%), while October posted the strongest MoM gain (+6.25%).
Argentina - Brazil Trade Balance & Market Dynamics
- Net Position: Argentina ran a trade deficit of $510M with Brazil in Q4 2024 (Exports: $3.78B vs. Imports: $4.29B).
- Relationship Status: Persistent deficit reflects Argentina’s reliance on Brazilian imports, though export growth signals competitive sectors.
Argentina Import Trend from Brazil 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 1.56B | 6.25% | 26.32% |
| Nov | 1.38B | -11.53% | 32.56% |
| Dec | 1.36B | -1.44% | 47.31% |
| Total | 4.29B | - | - |
Argentina Export Trend to Brazil 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 1.31B | -0.78% | 24.51% |
| Nov | 1.21B | -7.61% | 39.99% |
| Dec | 1.27B | 5.44% | 22.7% |
| Total | 3.78B | - | - |
Get Historical Argentina Brazil Trade Records
Argentina-Brazil Top Trading Products in Q4 2024
Argentina Export Profile: What Does Argentina Sell to Brazil
- Top Commodity: Vehicles (HS 87) dominate exports, accounting for 41.06% of total trade value.
- Demand Driver: Brazil imports vehicles for its consumer market, reflecting demand for transportation and industrial use.
- Concentration: Trade is highly concentrated, with HS 87 and HS 99 (24.15%) together making up 65.21% of exports.
Argentina Import Profile: What Does Argentina Buy from Brazil
- Top Commodity: Vehicles (HS 87) also lead imports, representing 41.08% of total import value.
- Dependency Nature: Argentina relies on Brazilian vehicles and machinery (HS 84, 10.41%), indicating a mix of consumer demand and industrial supply chain needs.
Argentina - Brazil Trade Relationship Dynamics
- The Exchange Model: Intra-Industry Trade dominates, with both countries heavily exchanging vehicles (HS 87) and machinery (HS 84). This suggests deep supply chain integration, particularly in automotive and industrial sectors.
- Value Chain Position: Both nations hold similar positions in the value chain, with Argentina exporting and importing high-value vehicle products. The trade is balanced, with no clear high-value-add dominance.
Import Analysis by Product: Brazil to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 1.76B | 41.08% |
| 84 | 446.68M | 10.41% |
| 39 | 222.60M | 5.19% |
| 85 | 188.77M | 4.40% |
| 72 | 181.59M | 4.23% |
| 26 | 128.74M | 3.00% |
| 40 | 119.46M | 2.78% |
| 48 | 117.90M | 2.75% |
| 38 | 94.48M | 2.20% |
| 18 | 89.49M | 2.09% |
Export Analysis by Product: Argentina to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 1.55B | 41.06% |
| 99 | 913.98M | 24.15% |
| 10 | 344.22M | 9.09% |
| 04 | 180.61M | 4.77% |
| 27 | 169.28M | 4.47% |
| 20 | 86.58M | 2.29% |
| 84 | 76.39M | 2.02% |
| 11 | 72.41M | 1.91% |
| 08 | 54.22M | 1.43% |
| 07 | 30.34M | 0.80% |
Check Detailed Argentina-Brazil Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade with Brazil is expected to stabilize in early 2025, with export growth moderating but remaining positive as vehicle demand (HS 87) sustains intra-industry trade. The persistent deficit signals Argentina’s reliance on Brazilian imports, but export resilience in key sectors like automotive and machinery (HS 84) suggests opportunities for rebalancing. Volatility may persist due to supply chain sensitivities, requiring agile adjustments. Traders should monitor Brazil’s consumer demand trends, as they will dictate near-term export performance.
Strategic Moves
- Diversify Export Markets: Reduce overreliance on Brazil by targeting new markets for vehicles (HS 87) and machinery (HS 84), leveraging competitive pricing and quality.
- Optimize Supply Chains: Implement just-in-time (JIT) inventory strategies to mitigate MoM volatility in vehicle and machinery trade, ensuring smoother cross-border operations.
- Negotiate Long-term Contracts: Lock in favorable terms for critical Brazilian imports (HS 87, HS 84) to hedge against price fluctuations and secure stable supply.
Frequently Asked Questions
How did Argentina - Brazil trade perform in 2024 Q4?
Argentina's exports to Brazil totaled $3.78B, with YoY growth decelerating to +22.7% in December. Imports from Brazil reached $4.29B, showing accelerated YoY growth (+47.31% in December).
What are the top exports from Argentina to Brazil?
Vehicles (HS 87) dominate Argentina's exports to Brazil, accounting for 41.06% of trade value, followed by HS 99 (24.15%).
What does Argentina import from Brazil?
Argentina primarily imports vehicles (HS 87, 41.08%) and machinery (HS 84, 10.41%) from Brazil.
What is the trade balance between Argentina and Brazil?
Argentina recorded a trade deficit of $510M with Brazil in Q4 2024, reflecting persistent reliance on Brazilian imports.
Argentina - Brazil Trade 2024 Q3: Export Growth, Narrowing Deficit
Argentina's trade deficit with Brazil narrows in Q3 2024 as exports rise 11-20% YoY. Vehicles dominate Argentina-Brazil trade trends, per yTrade data.
Argentina - Brazil Trade 2025 Q1: Surging Deficit
Argentina's trade deficit with Brazil hit $1.39B in Q1 2025, driven by surging Brazilian imports. Discover the latest Argentina Brazil trade trends and top trading products via yTrade data.
