Argentina - Mexico Trade 2025 Q2: Deficit Deepens
Key Market Takeaways: Argentina - Mexico Trade
The bilateral trade relationship between Argentina and Mexico deteriorated sharply in Q2 2025, with exports collapsing and imports showing volatile swings.
- Deficit Deepens: Argentina’s trade deficit hit $293.53M, with imports from Mexico ($437.21M) tripling exports ($143.68M). Export volumes plummeted YoY, with June down -40.09%.
- Resource-for-Tech Trade: Argentina - Mexico trade statistics reveal a lopsided exchange: Argentina ships a single commodity (HS 99, 62.79% of exports) while relying on Mexican vehicles (HS 87, 38.76% of imports) and machinery.
- Structural Imbalance: Mexico holds the high-value position, supplying advanced manufactures, while Argentina’s export concentration signals vulnerability.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Mexico Trade Trend in Q2 2025
Argentina Export Performance: Shipments to Mexico
- Total Volume: $143.68M in Q2 2025.
- Growth Trend & Context: YoY declines persisted across all months, worsening from -23.74% in April to -40.09% in June. No mitigating news to explain the contraction.
- Key Volatility: June saw the sharpest MoM drop (-20.03%), compounding May’s -15.43% slide.
Argentina Import Performance: Sourcing from Mexico
- Total Volume: $437.21M in Q2 2025.
- Growth Trend & Context: Mixed YoY performance: April surged 54.38%, but May and June reversed to -4.29% and +29.24%, respectively. No news to contextualize the swings.
- Key Volatility: April’s 5.31% MoM gain was erased by May’s -20.51% plunge.
Argentina - Mexico Trade Balance & Market Dynamics
- Net Position: Trade deficit of $293.53M (Imports exceeded exports by 3x).
- Relationship Status: Heavy import reliance on Mexico, with export demand weakening sharply. Structural imbalance evident.
Argentina Import Trend from Mexico 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 171.51M | 5.31% | 54.38% |
| May | 136.34M | -20.51% | -4.29% |
| Jun | 129.35M | -5.13% | 29.24% |
| Total | 437.21M | - | - |
Argentina Export Trend to Mexico 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 56.97M | 39.34% | -23.74% |
| May | 48.18M | -15.43% | -42.02% |
| Jun | 38.53M | -20.03% | -40.09% |
| Total | 143.68M | - | - |
Get Historical Argentina Mexico Trade Records
Argentina-Mexico Top Trading Products in Q2 2025
Argentina Export Profile: What Does Argentina Sell to Mexico
- Top Commodity: HS Code 99 dominates exports, accounting for 62.79% of total value (90.22M).
- Demand Driver: Mexico likely uses these goods for industrial processing, given the high share of a single category.
- Concentration: Extreme concentration in HS Code 99 (>50% share), indicating reliance on a narrow export base.
Argentina Import Profile: What Does Argentina Buy from Mexico
- Top Commodity: HS Code 87 (vehicles) leads imports at 38.76% (169.47M).
- Dependency Nature: Critical technology dependency, as machinery (HS 84, 85) and vehicles (HS 87) dominate imports.
Argentina - Mexico Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports a concentrated commodity (HS 99) while importing high-tech goods (vehicles, machinery).
- Value Chain Position: Mexico holds the higher value-add position, supplying advanced manufactured goods, while Argentina’s exports suggest a raw or intermediate product focus.
Import Analysis by Product: Mexico to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 169.47M | 38.76% |
| 84 | 61.34M | 14.03% |
| 85 | 46.47M | 10.63% |
| 31 | 29.32M | 6.71% |
| 90 | 29.11M | 6.66% |
| 33 | 19.34M | 4.42% |
| 39 | 12.34M | 2.82% |
| 82 | 8.41M | 1.92% |
| 72 | 8.06M | 1.84% |
| 30 | 5.95M | 1.36% |
Export Analysis by Product: Argentina to Mexico (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 99 | 90.22M | 62.79% |
| 08 | 9.88M | 6.88% |
| 30 | 7.40M | 5.15% |
| 29 | 5.94M | 4.13% |
| 84 | 5.05M | 3.51% |
| 22 | 4.99M | 3.48% |
| 02 | 3.41M | 2.37% |
| 20 | 2.51M | 1.75% |
| 12 | 2.00M | 1.39% |
| 32 | 1.68M | 1.17% |
Check Detailed Argentina-Mexico Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Argentina-Mexico trade relationship faces mounting pressure in Q3 2025. Argentina’s export decline to Mexico is likely to accelerate, given the absence of mitigating factors and worsening YoY contractions. Meanwhile, Mexico’s export volatility—driven by erratic demand for vehicles (HS 87) and machinery—will keep Argentina’s trade deficit near record levels. Structural imbalances will persist unless Argentina diversifies its export base or secures stable pricing for HS Code 99 goods.
Strategic Moves
- Diversify Export Markets: Argentine exporters must reduce reliance on Mexico by targeting other Latin American or Asian buyers for HS Code 99 goods, mitigating single-market vulnerability.
- Lock in Tech Imports: Argentine importers should negotiate long-term contracts with Mexican suppliers for vehicles and machinery (HS 84-87) to hedge against price swings and ensure supply chain stability.
- Invest in Value-Add: Argentine producers must upgrade HS Code 99 goods into higher-margin finished products to compete with Mexico’s advanced manufacturing sector and rebalance the trade deficit.
Frequently Asked Questions
How did Argentina - Mexico trade perform in 2025 Q2?
Argentina's exports to Mexico declined sharply (-23.74% to -40.09% YoY), totaling $143.68M, while imports from Mexico were mixed, reaching $437.21M. The trade deficit widened to $293.53M.
What are the top exports from Argentina to Mexico?
Argentina's top export to Mexico is HS Code 99, accounting for 62.79% ($90.22M) of total exports, likely used for industrial processing.
What does Argentina import from Mexico?
Argentina primarily imports vehicles (HS Code 87, $169.47M) and machinery (HS Codes 84, 85), reflecting a high-tech dependency on Mexico.
What is the trade balance between Argentina and Mexico?
Argentina recorded a trade deficit of $293.53M with Mexico in Q2 2025, with imports exceeding exports by 3x, indicating a structural imbalance.
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