Argentina - Italy Trade 2025 Q2: Deficit Widens
Key Market Takeaways: Argentina - Italy Trade
The bilateral trade relationship between Argentina and Italy shows mixed growth with high volatility in 2025 Q2.
- Trade Deficit Widens: Argentina posted a $96.99M deficit (exports $271.54M, imports $368.53M), with imports exceeding exports by 35.7%.
- Resource-for-Tech Exchange: Argentina - Italy trade statistics reveal a lopsided structure: agricultural byproducts (HS 23, 44.97% share) flow to Italy, while machinery (HS 84, 41.27% share) dominates imports.
- Asymmetric Interdependence: Italy holds the high-value position, supplying critical industrial equipment, while Argentina remains a raw material supplier.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Italy Trade Trend in Q2 2025
Argentina Export Performance: Shipments to Italy
- Total Volume: $271.54M in Q2 2025.
- Growth Trend & Context:
- Mixed YoY performance: May surged 73.52%, but June plummeted -48.38%.
- No trade news to explain volatility.
- Key Volatility: May saw a 59.24% MoM spike, while June dropped -49.31% MoM.
Argentina Import Performance: Sourcing from Italy
- Total Volume: $368.53M in Q2 2025.
- Growth Trend & Context:
- Strong YoY growth in May (+27.33%) and June (+22.48%), despite April’s flat 0.59% rise.
- No news to contextualize trends.
- Key Volatility: May peaked at $129.03M (+5.56% MoM), while June fell -9.11% MoM.
Argentina - Italy Trade Balance & Market Dynamics
- Net Position: Trade deficit of $96.99M (Exports $271.54M vs. Imports $368.53M).
- Relationship Status: Argentina remains a net importer from Italy, with imports exceeding exports by 35.7%.
Argentina Import Trend from Italy 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 122.24M | -12.56% | 0.59% |
| May | 129.03M | 5.56% | 27.33% |
| Jun | 117.27M | -9.11% | 22.48% |
| Total | 368.53M | - | - |
Argentina Export Trend to Italy 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 79.88M | 8.35% | 0.04% |
| May | 127.19M | 59.24% | 73.52% |
| Jun | 64.47M | -49.31% | -48.38% |
| Total | 271.54M | - | - |
Get Historical Argentina Italy Trade Records
Argentina-Italy Top Trading Products in Q2 2025
Argentina Export Profile: What Does Argentina Sell to Italy
- Top Commodity: HS Code 23 (Residues and waste from the food industries) dominates with 44.97% share.
- Demand Driver: Italy uses these for industrial processing, likely as inputs for animal feed or biofuel production.
- Concentration: The trade is highly concentrated, with the top two exports (HS 23 and 99) accounting for 68.35% of total exports.
Argentina Import Profile: What Does Argentina Buy from Italy
- Top Commodity: HS Code 84 (Nuclear reactors, boilers, machinery) leads with 41.27% share.
- Dependency Nature: Critical technology dependency, as Argentina relies on Italian machinery and industrial equipment.
Argentina - Italy Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports low-value agricultural byproducts (HS 23, 02, 08) and imports high-value machinery (HS 84, 90) from Italy.
- Value Chain Position: Italy holds the higher value-add position, supplying advanced industrial goods, while Argentina provides raw materials.
Import Analysis by Product: Italy to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 152.10M | 41.27% |
| 30 | 33.34M | 9.05% |
| 90 | 29.68M | 8.05% |
| 87 | 21.62M | 5.87% |
| 85 | 21.06M | 5.72% |
| 73 | 13.22M | 3.59% |
| 29 | 10.82M | 2.94% |
| 39 | 9.98M | 2.71% |
| 72 | 7.11M | 1.93% |
| 33 | 6.81M | 1.85% |
Export Analysis by Product: Argentina to Italy (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 122.12M | 44.97% |
| 99 | 63.50M | 23.38% |
| 02 | 18.78M | 6.92% |
| 38 | 17.75M | 6.54% |
| 08 | 14.89M | 5.48% |
| 03 | 9.11M | 3.35% |
| 12 | 8.66M | 3.19% |
| 07 | 4.15M | 1.53% |
| 51 | 3.44M | 1.27% |
| 33 | 2.18M | 0.80% |
Check Detailed Argentina-Italy Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Argentina-Italy trade relationship is expected to remain volatile in the near term, with Argentina’s export performance showing erratic swings while imports from Italy maintain steady growth. Given Italy’s structural advantage in high-value machinery (HS 84) and Argentina’s reliance on these inputs, the trade deficit is likely to persist unless Argentina diversifies its export basket or secures more favorable terms for agricultural byproducts. Traders should anticipate continued price sensitivity in Argentina’s key exports (HS 23) due to fluctuating demand in Italy’s industrial sector.
Strategic Moves
- Lock in Long-Term Supply Contracts: Argentine exporters of agricultural residues (HS 23) should negotiate multi-year agreements with Italian buyers to stabilize revenue streams amid volatile monthly swings.
- Diversify Import Sources: Argentine manufacturers dependent on Italian machinery (HS 84) must explore alternative suppliers in Germany or China to reduce dependency and mitigate cost pressures.
- Invest in Export Upgrading: Argentina should prioritize value-added processing of its agricultural exports (e.g., converting HS 23 waste into higher-margin biofuels) to narrow the trade deficit and capture more value from Italy’s demand.
Frequently Asked Questions
How did Argentina - Italy trade perform in 2025 Q2?
Argentina exported $271.54M to Italy, with mixed YoY growth, while imports from Italy totaled $368.53M, showing strong YoY growth in May and June.
What are the top exports from Argentina to Italy?
HS Code 23 (Residues and waste from the food industries) dominates, accounting for 44.97% of exports, followed by HS Code 99.
What does Argentina import from Italy?
HS Code 84 (Nuclear reactors, boilers, machinery) leads imports with a 41.27% share, reflecting Argentina's reliance on Italian industrial equipment.
What is the trade balance between Argentina and Italy?
Argentina recorded a trade deficit of $96.99M, with imports exceeding exports by 35.7% in Q2 2025.
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