Argentina - Japan Trade 2024 Q3: Widening Deficit
Key Market Takeaways: Argentina - Japan Trade
The bilateral trade relationship between Argentina and Japan shows volatile export performance amid steady import growth in Q3 2024.
- Trade Deficit Widens: Argentina’s imports from Japan ($343.65M) far exceeded exports ($140.82M), resulting in a $202.83M deficit. Exports plunged sharply (-54.08% YoY in September), while imports grew steadily (+10.6% YoY).
- Resource-for-Tech Exchange: Argentina - Japan trade statistics reveal a lopsided structure: Argentina ships unclassified/raw goods (HS 99, 52.32% share) but relies on Japanese vehicles and machinery (HS 87, 38.09% share).
- Asymmetric Dependency: Japan holds the high-value position, supplying critical tech, while Argentina’s export basket lacks diversification (top 2 products make up 88.65% of shipments).
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Japan Trade Trend in Q3 2024
Argentina Export Performance: Shipments to Japan
- Total Volume: $140.82M in Q3 2024.
- Growth Trend & Context:
- Volatile YoY performance: +23.15% in July, but sharp declines in August (-30.87%) and September (-54.08%).
- No trade news to explain the swings.
- Key Volatility: July saw a 253.46% MoM surge, while September plummeted -40.1% MoM.
Argentina Import Performance: Sourcing from Japan
- Total Volume: $343.65M in Q3 2024.
- Growth Trend & Context:
- Steady YoY growth: +11.73% (July), +7.08% (August), +10.6% (September).
- Key Volatility: July had the highest MoM jump (+24.81%), but growth tapered to +6.3% by September.
Argentina - Japan Trade Balance & Market Dynamics
- Net Position: Trade deficit of $202.83M (Imports exceeded exports).
- Relationship Status: Argentina remains heavily dependent on Japanese imports, with exports failing to offset demand.
Argentina Import Trend from Japan 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 103.79M | 24.81% | 11.73% |
| Aug | 116.27M | 12.02% | 7.08% |
| Sep | 123.59M | 6.3% | 10.6% |
| Total | 343.65M | - | - |
Argentina Export Trend to Japan 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 52.00M | 253.46% | 23.15% |
| Aug | 55.55M | 6.84% | -30.87% |
| Sep | 33.28M | -40.1% | -54.08% |
| Total | 140.82M | - | - |
Get Historical Argentina Japan Trade Records
Argentina-Japan Top Trading Products in Q3 2024
Argentina Export Profile: What Does Argentina Sell to Japan
- Top Commodity: Rank #1 export is HS Code 99 (52.32% share), likely representing unclassified or special category goods.
- Demand Driver: Japan imports these goods for industrial processing or niche market needs.
- Concentration: Highly concentrated, with the top two exports (HS 99 and 03) accounting for 88.65% of total exports to Japan.
Argentina Import Profile: What Does Argentina Buy from Japan
- Top Commodity: Rank #1 import is HS Code 87 (38.09% share), representing vehicles and automotive parts.
- Dependency Nature: Critical technology dependency, as Japan supplies high-value machinery and transport equipment.
Argentina - Japan Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw/unclassified goods (HS 99, 03) while importing high-tech automotive and machinery products (HS 87, 84).
- Value Chain Position: Japan holds the higher value-add position, dominating complex exports like vehicles and industrial machinery. Argentina’s exports are less processed, indicating a lower value-add role.
Import Analysis by Product: Japan to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 130.91M | 38.09% |
| 84 | 69.74M | 20.29% |
| 38 | 32.89M | 9.57% |
| 85 | 25.30M | 7.36% |
| 90 | 21.82M | 6.35% |
| 30 | 21.18M | 6.16% |
| 29 | 12.20M | 3.55% |
| 73 | 8.46M | 2.46% |
| 39 | 5.89M | 1.72% |
| 40 | 5.62M | 1.63% |
Export Analysis by Product: Argentina to Japan (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 99 | 73.69M | 52.32% |
| 03 | 51.16M | 36.33% |
| 20 | 9.17M | 6.51% |
| 04 | 3.02M | 2.15% |
| 22 | 2.10M | 1.49% |
| 12 | 852.56K | 0.61% |
| 02 | 463.72K | 0.33% |
| 38 | 373.70K | 0.27% |
Check Detailed Argentina-Japan Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast for Argentina-Japan Trade
The Argentina-Japan trade relationship is expected to remain volatile in the near term, with exports facing continued instability while imports sustain steady growth. Japan’s demand for high-value automotive and machinery products (HS 87, 84) will likely keep Argentina’s trade deficit widening, especially as Argentine exports (HS 99, 03) show erratic performance. Without structural shifts, Argentina’s reliance on unprocessed goods will keep it in a lower value-add position. Traders should brace for fluctuating export revenues while import costs remain elevated.
Strategic Moves for Argentine Traders
- Diversify Export Markets: Reduce dependency on Japan by targeting emerging Asian markets for HS 99 and 03 goods, mitigating volatility risks.
- Negotiate Long-Term Tech Supply Contracts: Lock in favorable terms for critical Japanese imports (HS 87, 84) to stabilize input costs for Argentine industries.
- Invest in Export Upgrading: Shift from raw/unclassified goods to semi-processed or niche products to capture higher margins and reduce trade imbalance pressures.
Frequently Asked Questions
How did Argentina - Japan trade perform in 2024 Q3?
Argentina's exports to Japan totaled $140.82M, showing volatile YoY growth, while imports from Japan reached $343.65M with steady YoY increases.
What are the top exports from Argentina to Japan?
Argentina's top exports to Japan are HS Code 99 (unclassified/special category goods) and HS Code 03, together accounting for 88.65% of total exports.
What does Argentina import from Japan?
Argentina primarily imports vehicles and automotive parts (HS Code 87) from Japan, making up 38.09% of total imports.
What is the trade balance between Argentina and Japan?
Argentina recorded a trade deficit of $202.83M with Japan in Q3 2024, as imports significantly exceeded exports.
Argentina - Japan Trade 2024 Q2: Deficit Widens Sharply
Argentina's trade deficit with Japan hit $233.7M in Q2 2024 as exports plunged 74.9%. Explore Argentina Japan trade trends and top trading products via yTrade data.
Argentina - Japan Trade 2024 Q4: Deficit & Tech Imports
Argentina's trade deficit with Japan hit $285.1M in Q4 2024, driven by Japan's dominance in vehicles and machinery. Explore Argentina Japan trade trends and top trading products via yTrade data.
