Argentina - Switzerland Trade 2024 Whole Year: $1.13B Surplus
Key Market Takeaways: Argentina - Switzerland Trade
The bilateral trade relationship between Argentina and Switzerland is marked by extreme volatility and a lopsided trade surplus in 2024.
- Economic Pulse: Argentina holds a $1.13B trade surplus with Switzerland, exporting $1.70B (mostly precious metals) while importing $571.71M (primarily pharmaceuticals). Volatility dominates both flows, with wild YoY swings.
- Exchange Structure: Argentina - Switzerland trade statistics reveal a resource-for-tech model—Argentina supplies 95% of exports as raw materials (HS71) while relying on Swiss high-value pharma (HS30) and machinery.
- Strategic Interdependence: Highly asymmetric but complementary: Switzerland captures value-add in advanced manufacturing, while Argentina feeds its commodity-driven export engine.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Switzerland Trade Trend in Whole Year 2024
Argentina Export Performance: Shipments to Switzerland
- Total Volume: Argentina exported $1.70B worth of goods to Switzerland in 2024.
- Growth Trend & Context:
- Exports showed extreme volatility, with YoY swings ranging from -50.93% (Jan) to +455.96% (Oct).
- No specific trade news or policy changes were reported to explain these fluctuations.
- Key Volatility: August saw a 212.21% MoM surge, while June and September experienced sharp drops (-64.86% and -60.76% MoM, respectively).
Argentina Import Performance: Sourcing from Switzerland
- Total Volume: Argentina imported $571.71M from Switzerland in 2024.
- Growth Trend & Context:
- Imports were erratic, with YoY changes from -42.76% (Sep) to +117.32% (Dec).
- Key Volatility: April recorded a 56.57% MoM jump, while November had a -38.59% MoM decline.
Argentina - Switzerland Trade Balance & Market Dynamics
- Net Position: Argentina posted a trade surplus of $1.13B ($1.70B exports - $571.71M imports) with Switzerland.
- Relationship Status: Argentina is a net exporter to Switzerland, with exports nearly triple the value of imports. The relationship is highly asymmetric, driven by volatile commodity flows.
Argentina Import Trend from Switzerland 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 43.87M | 72.45% | -10.57% |
| Feb | 38.15M | -13.03% | -12.44% |
| Mar | 44.34M | 16.23% | 3.18% |
| Apr | 69.43M | 56.57% | 70.16% |
| May | 47.10M | -32.17% | 11.15% |
| Jun | 48.62M | 3.23% | 37.68% |
| Jul | 38.27M | -21.29% | -2.62% |
| Aug | 47.34M | 23.7% | -29.51% |
| Sep | 47.41M | 0.15% | -42.76% |
| Oct | 56.93M | 20.07% | 54.35% |
| Nov | 34.96M | -38.59% | -17.92% |
| Dec | 55.28M | 58.14% | 117.32% |
| Total | 571.71M | - | - |
Argentina Export Trend to Switzerland 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 74.68M | -33.8% | -50.93% |
| Feb | 65.86M | -11.81% | -26.56% |
| Mar | 89.26M | 35.53% | 8.39% |
| Apr | 176.79M | 98.07% | 116.86% |
| May | 260.45M | 47.33% | 126.7% |
| Jun | 91.52M | -64.86% | 82.66% |
| Jul | 81.22M | -11.25% | -37.29% |
| Aug | 253.58M | 212.21% | 195.51% |
| Sep | 99.51M | -60.76% | 18.7% |
| Oct | 222.45M | 123.54% | 455.96% |
| Nov | 159.96M | -28.09% | -5.96% |
| Dec | 121.20M | -24.23% | 7.45% |
| Total | 1.70B | - | - |
Get Historical Argentina Switzerland Trade Records
Argentina-Switzerland Top Trading Products in Whole Year 2024
Argentina Export Profile: What Does Argentina Sell to Switzerland
- Top Commodity: Rank #1 export is HS Code 71 (Pearls, precious stones, metals) at 95.00% of total exports to Switzerland.
- Demand Driver: Switzerland uses these for industrial processing, likely in luxury goods manufacturing (e.g., watches, jewelry).
- Concentration: Extreme dominance of HS71 (95%), indicating a hyper-specialized export profile.
Argentina Import Profile: What Does Argentina Buy from Switzerland
- Top Commodity: Rank #1 import is HS Code 30 (Pharmaceutical products) at 44.91% of total imports from Switzerland.
- Dependency Nature: Critical technology dependency, as pharmaceuticals are high-value, R&D-intensive goods. Secondary imports (HS29, HS84) suggest reliance on Swiss chemicals and machinery.
Argentina - Switzerland Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw materials (precious metals) and imports high-tech goods (pharma, machinery).
- Value Chain Position: Switzerland holds the higher value-add position, with complex exports (pharma, precision instruments) versus Argentina’s commodity-heavy exports.
Import Analysis by Product: Switzerland to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 30 | 256.73M | 44.91% |
| 29 | 129.63M | 22.67% |
| 84 | 41.12M | 7.19% |
| 91 | 27.18M | 4.75% |
| 90 | 23.83M | 4.17% |
| 09 | 19.99M | 3.50% |
| 32 | 19.93M | 3.49% |
| 85 | 14.88M | 2.60% |
| 39 | 9.25M | 1.62% |
| 38 | 4.10M | 0.72% |
Export Analysis by Product: Argentina to Switzerland (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 71 | 1.61B | 95.00% |
| 99 | 61.09M | 3.60% |
| 02 | 12.00M | 0.71% |
| 22 | 10.59M | 0.62% |
| 04 | 1.08M | 0.06% |
| 01 | 60.05K | 0.00% |
Check Detailed Argentina-Switzerland Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast for Argentina-Switzerland Trade
Argentina’s trade with Switzerland will remain volatile but structurally imbalanced in the near term. The extreme concentration in precious metals (HS71) exports leaves Argentina vulnerable to commodity price swings, while Switzerland’s dominance in high-value pharmaceuticals (HS30) ensures continued asymmetry. Expect sporadic surges in Argentine exports driven by raw material demand, but import costs will stay elevated due to Switzerland’s tech-driven pricing power. Without diversification, Argentina’s surplus will hinge on unpredictable commodity booms rather than sustainable trade integration.
Strategic Moves for Traders & Policymakers
- Lock in Long-Term Commodity Contracts: Argentine exporters of precious metals must secure multi-year agreements with Swiss buyers to mitigate price volatility and stabilize revenue streams.
- Diversify Import Sources: Reduce dependency on Swiss pharmaceuticals by exploring alternative suppliers in the EU or India to lower costs and increase bargaining power.
- Invest in Value-Add Processing: Argentina should incentivize domestic refining of precious metals to capture more value before export, reducing reliance on raw material shipments.
Frequently Asked Questions
How did Argentina - Switzerland trade perform in 2024 Whole Year?
Argentina exported $1.70B worth of goods to Switzerland and imported $571.71M, with extreme volatility in both exports and imports throughout the year.
What are the top exports from Argentina to Switzerland?
HS Code 71 (Pearls, precious stones, metals) dominated Argentina’s exports to Switzerland, accounting for 95.00% of total shipments.
What does Argentina import from Switzerland?
HS Code 30 (Pharmaceutical products) was the top import, making up 44.91% of Argentina’s imports from Switzerland, followed by chemicals and machinery.
What is the trade balance between Argentina and Switzerland?
Argentina posted a trade surplus of $1.13B with Switzerland, as exports nearly tripled the value of imports. The relationship remains highly asymmetric.
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