Argentina - Germany Trade 2025 Q1: Growing Deficit
Key Market Takeaways: Argentina - Germany Trade
The bilateral trade relationship between Argentina and Germany reflects a volatile but growing deficit in Q1 2025.
- Economic Pulse: Argentina’s $566M trade deficit highlights heavy reliance on German imports ($769M), with exports ($203M) covering just 26% of import costs. Mixed YoY growth signals instability.
- Exchange Structure: Argentina - Germany trade statistics reveal a resource-for-tech dynamic: Argentina ships agricultural goods (HS 02) and ambiguous bulk commodities (HS 99), while Germany supplies machinery (HS 84) and high-tech industrial inputs.
- Strategic Interdependence: Highly complementary but unequal—Germany dominates high-value exports, while Argentina’s concentrated commodity exports expose vulnerability.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Germany Trade Trend in Q1 2025
Argentina Export Performance: Shipments to Germany
- Total Volume: $203.06M in Q1 2025.
- Growth Trend & Context:
- YoY swings were mixed: January (-14.88%) and March (-14.55%) contracted, while February surged (+59.39%). No clear directional trend.
- Key Volatility: February saw a sharp 68.03% MoM jump, followed by another 49.59% rise in March.
Argentina Import Performance: Sourcing from Germany
- Total Volume: $769.33M in Q1 2025.
- Growth Trend & Context:
- Strong YoY growth in February (+33.56%) and March (+25.25%), offsetting January’s modest +8.52%.
- Key Volatility: February imports dropped 13.27% MoM, then rebounded 11.66% in March.
Argentina - Germany Trade Balance & Market Dynamics
- Net Position: Trade deficit of $566.27M (Imports exceeded exports).
- Relationship Status: Argentina remains heavily dependent on German imports, with exports covering only 26% of import costs.
Argentina Import Trend from Germany 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 271.30M | 11.83% | 8.52% |
| Feb | 235.29M | -13.27% | 33.56% |
| Mar | 262.74M | 11.66% | 25.25% |
| Total | 769.33M | - | - |
Argentina Export Trend to Germany 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 39.10M | -42.16% | -14.88% |
| Feb | 65.69M | 68.03% | 59.39% |
| Mar | 98.27M | 49.59% | -14.55% |
| Total | 203.06M | - | - |
Get Historical Argentina Germany Trade Records
Argentina-Germany Top Trading Products in Q1 2025
Argentina Export Profile: What Does Argentina Sell to Germany
- Top Commodity: HS Code 99 (55.07% share). This likely represents unclassified or special category goods, indicating a dominant but ambiguous export.
- Demand Driver: HS Code 02 (29.21% share, likely meat) suggests Germany relies on Argentina for agricultural products, serving its consumer market.
- Concentration: Extreme—HS Code 99 alone accounts for over half of exports, signaling heavy reliance on a single category.
Argentina Import Profile: What Does Argentina Buy from Germany
- Top Commodity: HS Code 84 (30.94% share, machinery/industrial equipment). Germany supplies critical industrial inputs.
- Dependency Nature: High-tech and machinery dominate (HS Codes 84, 90, 85), reflecting Argentina’s reliance on German engineering for industrial capacity.
Argentina - Germany Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports agricultural goods (HS 02, 04) and raw materials, while Germany supplies machinery and pharmaceuticals (HS 84, 30).
- Value Chain Position: Germany holds the higher value-add position, exporting complex machinery (HS 84) and pharmaceuticals (HS 30), while Argentina’s exports are primarily low-value-added commodities.
Import Analysis by Product: Germany to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 238.04M | 30.94% |
| 30 | 118.87M | 15.45% |
| 87 | 74.75M | 9.72% |
| 90 | 66.09M | 8.59% |
| 27 | 45.54M | 5.92% |
| 85 | 41.61M | 5.41% |
| 39 | 32.23M | 4.19% |
| 38 | 27.13M | 3.53% |
| 29 | 20.70M | 2.69% |
| 72 | 12.53M | 1.63% |
Export Analysis by Product: Argentina to Germany (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 99 | 111.82M | 55.07% |
| 02 | 59.32M | 29.21% |
| 04 | 6.52M | 3.21% |
| 12 | 6.09M | 3.00% |
| 23 | 4.58M | 2.25% |
| 51 | 3.72M | 1.83% |
| 84 | 2.38M | 1.17% |
| 20 | 2.13M | 1.05% |
| 08 | 2.08M | 1.02% |
| 22 | 2.06M | 1.02% |
Check Detailed Argentina-Germany Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast for Argentina-Germany Trade
Argentina’s trade deficit with Germany is likely to persist in Q2 2025, driven by sustained demand for German machinery (HS 84) and pharmaceuticals (HS 30). However, volatile export performance—particularly in unclassified goods (HS 99) and meat (HS 02)—suggests Argentina must stabilize supply chains to capitalize on Germany’s agricultural import needs. If commodity prices rebound, exports could narrow the deficit, but reliance on low-value-added goods leaves Argentina vulnerable to market shifts.
Strategic Moves for Traders & Policymakers
- Diversify Export Categories: Reduce dependence on HS 99 by expanding meat (HS 02) and dairy (HS 04) shipments, leveraging Germany’s stable demand for high-quality agricultural products.
- Lock In Machinery Contracts: Argentine importers should secure long-term agreements for German industrial equipment (HS 84) to mitigate price volatility and ensure steady supply for domestic production.
- Boost Trade Finance Support: Argentine exporters need targeted credit guarantees to compete in Germany’s high-tech import market, narrowing the trade imbalance through value-added exports.
Frequently Asked Questions
How did Argentina - Germany trade perform in 2025 Q1?
Argentina exported $203.06M to Germany, with mixed YoY growth, while imports totaled $769.33M, showing strong YoY gains. The trade deficit stood at $566.27M.
What are the top exports from Argentina to Germany?
Argentina’s top exports to Germany include unclassified/special category goods (HS Code 99, 55.07% share) and likely meat products (HS Code 02, 29.21% share).
What does Argentina import from Germany?
Argentina primarily imports machinery/industrial equipment (HS Code 84, 30.94% share) and high-tech goods like pharmaceuticals (HS Code 30) from Germany.
What is the trade balance between Argentina and Germany?
Argentina recorded a trade deficit of $566.27M with Germany, as imports significantly exceeded exports, covering only 26% of import costs.
Argentina - Germany Trade 2024 Q4: Resource-for-Tech Imbalance
Argentina's trade deficit with Germany hits $473.30M in Q4 2024, driven by tech imports and agricultural exports. Explore Argentina Germany trade trends and top trading products via yTrade data.
Argentina - Germany Trade 2025 Q2: Growing Deficit
Argentina's trade deficit with Germany hit $-544.39M in Q2 2025, driven by surging machinery imports. Explore Argentina Germany trade trends and top trading products via yTrade data.
