Argentina - India Trade 2025 Q1: Surplus & Volatility

Key Market Takeaways: Argentina - India Trade

The bilateral trade relationship between Argentina and India shows volatile growth with Argentina holding a strong trade surplus in Q1 2025.

• Economic Pulse: Argentina posted a $651.37M surplus ($1.05B exports vs. $398.63M imports), driven by erratic YoY export swings (+109.33% peak in January) and accelerating import demand (+90.86% YoY in March).
• Exchange Structure: Argentina - India trade statistics reveal a resource-for-tech model—Argentina supplies bulk fats/oils (86.3% of exports), while India delivers high-value organic chemicals (18.9% of imports) and machinery.
• Strategic Interdependence: Highly complementary but lopsided: Argentina’s export concentration risks exposure to commodity shifts, while India secures critical inputs for pharma/agrochemical production.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Argentina-India Trade Trend in Q1 2025

Argentina Export Performance: Shipments to India

• Total Volume: $1.05B in Q1 2025.
• Growth Trend & Context:
  • YoY growth was volatile, ranging from +109.33% in January to +14.37% in March.
  • February saw the highest MoM surge (+33.06%), while March recorded a sharp MoM drop (-22.09%).
• Key Volatility: February’s export spike ($416.30M) was the quarter’s peak, followed by a significant contraction in March.

Argentina Import Performance: Sourcing from India

• Total Volume: $398.63M in Q1 2025.
• Growth Trend & Context:
  • YoY growth accelerated dramatically, peaking at +90.86% in March.
  • MoM growth slowed from +19.41% in January to +6.9% in March.
• Key Volatility: February’s imports ($134.95M) marked the highest MoM increase (+13.01%).

Argentina - India Trade Balance & Market Dynamics

• Net Position: Argentina holds a trade surplus of $651.37M (Exports: $1.05B > Imports: $398.63M).
• Relationship Status: Argentina is a net exporter to India, with exports more than double imports, indicating strong outward trade leverage.

Argentina Import Trend from India 2025 Q1 (Source: yTrade)**

Argentina Export Trend to India 2025 Q1 (Source: yTrade)**

Get Historical Argentina India Trade Records

Argentina-India Top Trading Products in Q1 2025

Argentina Export Profile: What Does Argentina Sell to India

• Top Commodity: Rank #1 export is HS Code 15 (Animal/vegetable fats and oils), accounting for 86.30% of total exports to India.
• Demand Driver: India uses these for industrial processing, likely in food manufacturing or biodiesel production.
• Concentration: Trade is heavily concentrated, with HS Code 15 dominating at 86.30%.

Argentina Import Profile: What Does Argentina Buy from India

• Top Commodity: Rank #1 import is HS Code 29 (Organic chemicals), making up 18.92% of total imports from India.
• Dependency Nature: Critical technology dependency, as organic chemicals are essential for pharmaceuticals and agrochemicals.

Argentina - India Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw materials (fats/oils) and imports high-value chemicals and machinery from India.
• Value Chain Position: India holds the higher value-add position, supplying advanced chemicals (HS 29) and machinery (HS 84), while Argentina provides bulk commodities.

Import Analysis by Product: India to Argentina (Source: yTrade)

Export Analysis by Product: Argentina to India (Source: yTrade)

Check Detailed Argentina-India Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast for Argentina-India Trade

Argentina’s trade surplus with India is expected to widen further in Q2 2025, driven by sustained demand for animal/vegetable fats and oils (HS 15) from India’s industrial sector. However, volatility in export growth—evident from Q1’s sharp MoM swings—calls for caution, as supply chain disruptions or price fluctuations could dampen momentum. Meanwhile, India’s organic chemical exports (HS 29) to Argentina will likely grow steadily, reinforcing the resource-for-tech exchange model. Traders should prepare for a period of high-reward but high-risk engagement, with Argentina’s export dominance balanced by India’s value-add advantage.

Strategic Moves for Traders & Policymakers

• Lock in Long-Term Contracts for HS 15: Argentine exporters must secure fixed-price agreements with Indian buyers to mitigate volatility risks, especially given the commodity’s 86.3% share of total exports.
• Diversify Import Sources for HS 29: Reduce dependency on Indian organic chemicals by exploring alternative suppliers in Southeast Asia or Europe to avoid overreliance on a single market.
• Invest in Logistics for Bulk Commodities: Argentine traders should optimize shipping routes and storage for fats/oils to capitalize on India’s demand spikes, particularly ahead of peak industrial seasons.

Frequently Asked Questions

How did Argentina - India trade perform in 2025 Q1?

Argentina's exports to India totaled $1.05B in Q1 2025, with volatile YoY growth, while imports from India reached $398.63M, showing accelerated YoY growth.

What are the top exports from Argentina to India?

Argentina's top export to India is HS Code 15 (Animal/vegetable fats and oils), accounting for 86.30% of total exports.

What does Argentina import from India?

Argentina's top import from India is HS Code 29 (Organic chemicals), making up 18.92% of total imports.

What is the trade balance between Argentina and India?

Argentina recorded a trade surplus of $651.37M with India in Q1 2025, with exports more than double imports.