Argentina - India Trade 2025 Q2: Volatile Growth
Key Market Takeaways: Argentina - India Trade
The bilateral trade relationship between Argentina and India showed volatile growth in Q2 2025, marked by sharp swings in export performance.
- Argentina holds a $1.02B trade surplus, with exports ($1.35B) quadrupling imports ($330.96M), but June saw steep declines in both flows.
- Trade statistics reveal a resource-for-tech exchange: Argentina supplies 82.81% of its exports as animal/vegetable fats/oils, while India dominates with organic chemicals (19.22% of imports).
- Complementary but lopsided: Argentina’s bulk commodity exports contrast India’s high-value chemical and machinery shipments, creating asymmetric interdependence.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-India Trade Trend in Q2 2025
Argentina Export Performance: Shipments to India
- Total Volume: $1.35B in Q2 2025.
- Growth Trend & Context:
- YoY growth surged in April (+86.48%) and May (+102.53%), but June saw a sharp reversal (-14.97%).
- No specific trade news explains the volatility.
- Key Volatility: June exports plummeted 51.25% MoM, marking the steepest monthly decline.
Argentina Import Performance: Sourcing from India
- Total Volume: $330.96M in Q2 2025.
- Growth Trend & Context:
- YoY growth turned negative in June (-17.15%) after moderate gains in April (+8.9%) and May (+5.82%).
- Key Volatility: May recorded the lowest monthly value ($104.17M) and the steepest MoM drop (-16.17%).
Argentina - India Trade Balance & Market Dynamics
- Net Position: Argentina holds a trade surplus of $1.02B (Exports: $1.35B > Imports: $330.96M).
- Relationship Status: Argentina dominates as a net exporter, with exports quadrupling imports. The June slump in both flows warrants monitoring.
Argentina Import Trend from India 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 124.26M | -13.87% | 8.9% |
| May | 104.17M | -16.17% | 5.82% |
| Jun | 102.53M | -1.58% | -17.15% |
| Total | 330.96M | - | - |
Argentina Export Trend to India 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 479.24M | 47.76% | 86.48% |
| May | 582.29M | 21.5% | 102.53% |
| Jun | 283.86M | -51.25% | -14.97% |
| Total | 1.35B | - | - |
Get Historical Argentina India Trade Records
Argentina-India Top Trading Products in Q2 2025
Argentina Export Profile: What Does Argentina Sell to India
- Top Commodity: HS Code 15 (Animal/Vegetable Fats & Oils) dominates with 82.81% share.
- Demand Driver: India uses these for industrial processing, likely in food manufacturing or biofuels.
- Concentration: Extreme reliance on one category (82.81%), indicating minimal export diversification.
Argentina Import Profile: What Does Argentina Buy from India
- Top Commodity: HS Code 29 (Organic Chemicals) leads at 19.22% of imports.
- Dependency Nature: Critical technology dependency, as chemicals are essential for pharmaceuticals or agrochemical production.
Argentina - India Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina supplies raw materials (fats/oils), while India provides high-value chemicals and machinery.
- Value Chain Position: India holds higher value-add, exporting complex goods (chemicals, machinery) versus Argentina’s bulk commodity exports.
Import Analysis by Product: India to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 29 | 63.61M | 19.22% |
| 84 | 62.41M | 18.86% |
| 87 | 41.87M | 12.65% |
| 27 | 27.23M | 8.23% |
| 30 | 17.17M | 5.19% |
| 39 | 16.06M | 4.85% |
| 85 | 14.34M | 4.33% |
| 38 | 10.21M | 3.08% |
| 72 | 8.77M | 2.65% |
| 40 | 8.37M | 2.53% |
Export Analysis by Product: Argentina to India (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 15 | 1.11B | 82.81% |
| 99 | 170.23M | 12.65% |
| 27 | 45.76M | 3.40% |
| 41 | 9.05M | 0.67% |
| 38 | 3.97M | 0.30% |
| 29 | 1.72M | 0.13% |
| 09 | 192.00K | 0.01% |
| 51 | 129.93K | 0.01% |
| 84 | 96.99K | 0.01% |
| 22 | 85.90K | 0.01% |
Check Detailed Argentina-India Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade with India is poised for volatility in the near term, driven by extreme commodity concentration and erratic monthly performance. While the Q2 2025 surplus of $1.02B underscores Argentina’s dominance as a net exporter, the June slump in both exports (-14.97% YoY) and imports (-17.15% YoY) signals potential demand softening or supply chain disruptions. Given India’s reliance on Argentine fats/oils (82.81% of exports) and Argentina’s dependency on Indian chemicals (19.22% of imports), any sector-specific shocks—such as biofuel policy shifts or pharmaceutical input shortages—could amplify swings. Traders should brace for uneven growth, with high-reward opportunities in core commodities but elevated risk from low diversification.
Strategic Moves
- Lock in Long-Term Contracts for Fats/Oils: Argentine exporters must secure multi-year agreements with Indian industrial buyers to stabilize revenue amid volatile monthly shipments. Fixed-price clauses can mitigate downside risk.
- Diversify Export Markets for Critical Chemicals: Argentine importers should reduce reliance on Indian organic chemicals (HS 29) by sourcing from alternative markets like China or the EU to avoid supply chain bottlenecks.
- Invest in Value-Added Processing: Argentina should pivot from raw fat/oil exports to semi-processed goods (e.g., refined biodiesel) to capture higher margins and reduce vulnerability to India’s commodity demand cycles.
Frequently Asked Questions
How did Argentina - India trade perform in 2025 Q2?
Argentina's exports to India surged YoY in April and May but dropped sharply in June, totaling $1.35B. Imports from India fell in June, ending at $330.96M.
What are the top exports from Argentina to India?
Argentina's top export to India is Animal/Vegetable Fats & Oils (HS Code 15), accounting for 82.81% of total exports.
What does Argentina import from India?
Argentina primarily imports Organic Chemicals (HS Code 29) from India, making up 19.22% of total imports.
What is the trade balance between Argentina and India?
Argentina holds a trade surplus of $1.02B with India, as exports ($1.35B) far exceed imports ($330.96M).
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