Argentina - Peru Trade 2024 Whole Year: $2.24B Surplus

Key Market Takeaways: Argentina - Peru Trade

The bilateral trade relationship between Argentina and Peru shows growth with high volatility in 2024.

• Economic Pulse: Argentina holds a $2.24B trade surplus, with exports ($2.48B) dwarfing imports ($236.46M). Volatility marked both sides, with sharp YoY swings in key months.
• Exchange Structure: Argentina - Peru trade statistics reveal a resource-for-resource complementarity—Argentina dominates with cereals (37.98% of exports), while Peru supplies critical ores (18.48% of imports).
• Strategic Interdependence: The partnership leans on low-complexity goods, with Argentina adding more value (processed cereals) vs. Peru’s raw ores.

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

Argentina-Peru Trade Trend in Whole Year 2024

Argentina Export Performance: Shipments to Peru

• Total Volume: $2.48B in 2024.
• Growth Trend & Context:
  • Mixed YoY performance: Strong growth in Jan (+34.59%) and Aug (+34.68%), but sharp declines in Feb (-35.87%) and Nov (-30.79%).
  • No specific trade news to explain volatility.
• Key Volatility: December saw the highest MoM surge (+66.27%), while February had the steepest drop (-22.14%).

Argentina Import Performance: Sourcing from Peru

• Total Volume: $236.46M in 2024.
• Growth Trend & Context:
  • YoY swings ranged from a 162.99% surge in December to a -47.47% plunge in May.
  • No news context to clarify erratic movements.
• Key Volatility: October posted the highest value ($29.63M), while June hit the lowest ($12.26M).

Argentina - Peru Trade Balance & Market Dynamics

• Net Position: Argentina holds a trade surplus of $2.24B (Exports: $2.48B > Imports: $236.46M).
• Relationship Status: Dominant net exporter, with exports exceeding imports by nearly 10x.

Argentina Import Trend from Peru 2024 Whole Year (Source: yTrade)**

Argentina Export Trend to Peru 2024 Whole Year (Source: yTrade)**

Get Historical Argentina Peru Trade Records

Argentina-Peru Top Trading Products in Whole Year 2024

Argentina Export Profile: What Does Argentina Sell to Peru

• Top Commodity: Cereals (HS Code 10) dominate exports, accounting for 37.98% of total value.
• Demand Driver: Peru relies on Argentine cereals for food security and industrial processing (e.g., animal feed, milling).
• Concentration: High—top two categories (HS 10 and 99) make up 65.51% of exports, indicating heavy reliance on a narrow basket.

Argentina Import Profile: What Does Argentina Buy from Peru

• Top Commodity: Ores (HS Code 25) lead imports, representing 18.48% of total value.
• Dependency Nature: Raw material dependency—Peru supplies critical ores for Argentina’s industrial and construction sectors.

Argentina - Peru Trade Relationship Dynamics

• The Exchange Model: Resource-for-Resource Complementarity—Argentina exports agricultural goods (cereals) in exchange for Peruvian ores and metals.
• Value Chain Position: Argentina holds a higher value-add position (processed cereals) vs. Peru’s raw ores, but both sides trade primarily low-complexity goods.

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

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

Check Detailed Argentina-Peru Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Argentina’s trade surplus with Peru is expected to hold steady in 2025, driven by sustained demand for cereals (HS 10) and Peru’s reliance on Argentine agricultural output. However, the extreme volatility in monthly trade flows—particularly the sharp declines in February and November—suggests exporters must prepare for unpredictable swings. Without major policy shifts, the resource-for-resource exchange model will persist, but Argentina should push for higher-value exports to reduce dependency on raw commodity cycles.

Strategic Moves

• Lock in Cereal Contracts: Argentine exporters should secure long-term agreements with Peruvian buyers to stabilize revenue amid erratic monthly demand.
• Diversify Beyond HS 10: Reduce reliance on cereals by expanding processed food exports (e.g., milled products) to capture higher margins in Peru’s consumer markets.
• Monitor Ore Price Fluctuations: Importers of Peruvian ores (HS 25) must hedge against commodity price volatility, especially given Peru’s role as a critical raw material supplier.

Frequently Asked Questions

How did Argentina - Peru trade perform in 2024 Whole Year?

Argentina exported $2.48B to Peru and imported $236.46M, with mixed YoY growth trends including sharp surges and declines in specific months.

What are the top exports from Argentina to Peru?

Cereals (HS Code 10) dominate Argentina’s exports to Peru, accounting for 37.98% of total value, followed by other key categories.

What does Argentina import from Peru?

Ores (HS Code 25) are Argentina’s top import from Peru, making up 18.48% of total import value, primarily for industrial and construction use.

What is the trade balance between Argentina and Peru?

Argentina holds a trade surplus of $2.24B with Peru, as exports exceed imports by nearly 10x.