Argentina - Switzerland Trade 2024 Q2: $363M Surplus Dominance
Key Market Takeaways: Argentina - Switzerland Trade
The bilateral trade relationship between Argentina and Switzerland reflects strong growth with high volatility in Q2 2024.
- Argentina dominates with a $363.61M trade surplus, driven by exports ($528.76M) triple imports ($165.15M), though monthly swings reveal sharp corrections.
- Argentina - Switzerland trade statistics show a hyper-specialized exchange: Argentina supplies 92.8% precious metals (HS71) while importing Swiss pharmaceuticals (HS30) and chemicals (HS29), highlighting a resource-for-tech dependency.
- Highly complementary but asymmetric: Switzerland captures higher value-add in processed goods, while Argentina remains a critical raw material supplier.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Switzerland Trade Trend in Q2 2024
Argentina Export Performance: Shipments to Switzerland
- Total Volume: $528.76M in Q2 2024.
- Growth Trend & Context:
- YoY growth remained strong across all months (82.66%–126.7%), reflecting sustained demand.
- Key Volatility: May saw a 47.33% MoM surge, while June plummeted -64.86% MoM, indicating sharp month-end corrections.
Argentina Import Performance: Sourcing from Switzerland
- Total Volume: $165.15M in Q2 2024.
- Growth Trend & Context:
- YoY growth was volatile (11.15%–70.16%), with April’s 70.16% YoY spike contrasting May’s subdued 11.15%.
- Key Volatility: April imports jumped 56.57% MoM, then fell -32.17% in May, suggesting uneven procurement cycles.
Argentina - Switzerland Trade Balance & Market Dynamics
- Net Position: Trade surplus of $363.61M (Exports $528.76M > Imports $165.15M).
- Relationship Status: Argentina dominates as a net exporter, with exports triple imports, underscoring Switzerland’s reliance on Argentine goods.
Argentina Import Trend from Switzerland 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 69.43M | 56.57% | 70.16% |
| May | 47.10M | -32.17% | 11.15% |
| Jun | 48.62M | 3.23% | 37.68% |
| Total | 165.15M | - | - |
Argentina Export Trend to Switzerland 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 176.79M | 98.07% | 116.86% |
| May | 260.45M | 47.33% | 126.7% |
| Jun | 91.52M | -64.86% | 82.66% |
| Total | 528.76M | - | - |
Get Historical Argentina Switzerland Trade Records
Argentina-Switzerland Top Trading Products in Q2 2024
Argentina Export Profile: What Does Argentina Sell to Switzerland
- Top Commodity: Rank #1 export is HS Code 71 (Pearls, precious stones, metals) at 92.80% of total exports to Switzerland.
- Demand Driver: Switzerland likely imports these for high-value jewelry and watch manufacturing, leveraging Argentina's raw material supply.
- Concentration: Extreme dominance by HS71 (>90%), indicating a hyper-specialized trade flow.
Argentina Import Profile: What Does Argentina Buy from Switzerland
- Top Commodity: Rank #1 import is HS Code 30 (Pharmaceutical products) at 38.28%, followed closely by HS29 (Organic chemicals) at 35.65%.
- Dependency Nature: Reflects critical technology dependency on Swiss pharmaceuticals and specialty chemicals, likely for Argentina's healthcare and industrial sectors.
Argentina - Switzerland Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity — Argentina exports raw precious materials (HS71) and imports high-value pharmaceuticals/chemicals (HS30/29).
- Value Chain Position: Switzerland clearly holds the higher value-add position, supplying processed, high-tech goods while Argentina provides commodities.
Import Analysis by Product: Switzerland to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 30 | 63.21M | 38.28% |
| 29 | 58.88M | 35.65% |
| 32 | 8.35M | 5.05% |
| 84 | 7.91M | 4.79% |
| 90 | 5.87M | 3.56% |
| 91 | 4.85M | 2.94% |
| 09 | 4.35M | 2.64% |
| 85 | 2.80M | 1.70% |
| 39 | 2.23M | 1.35% |
| 38 | 1.03M | 0.62% |
Export Analysis by Product: Argentina to Switzerland (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 71 | 490.69M | 92.80% |
| 99 | 33.43M | 6.32% |
| 02 | 2.59M | 0.49% |
| 22 | 1.98M | 0.37% |
| 01 | 60.05K | 0.01% |
Check Detailed Argentina-Switzerland Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade surplus with Switzerland is expected to remain robust in Q3 2024, driven by sustained Swiss demand for precious metals (HS71) and Argentina’s reliance on high-value pharmaceutical imports (HS30). However, the extreme volatility in monthly export figures—particularly the sharp June correction—suggests traders should prepare for potential short-term fluctuations. The resource-for-tech complementarity will likely deepen, but Argentina must address its over-reliance on a single export commodity to mitigate risks.
Strategic Moves
- Diversify Export Basket: Argentine exporters must reduce dependence on HS71 by exploring secondary high-potential sectors like agricultural commodities (e.g., wine, beef) to capture broader Swiss demand.
- Lock in Pharma Contracts: Importers should secure long-term agreements with Swiss pharmaceutical suppliers (HS30) to stabilize procurement costs amid global drug supply chain uncertainties.
- Monitor Precious Metal Prices: Traders in HS71 must implement real-time price-hedging strategies to navigate the volatile swings seen in Q2, ensuring margins remain protected.
Frequently Asked Questions
How did Argentina - Switzerland trade perform in 2024 Q2?
Argentina's exports to Switzerland totaled $528.76M with strong YoY growth (82.66%–126.7%), while imports reached $165.15M with volatile YoY trends (11.15%–70.16%).
What are the top exports from Argentina to Switzerland?
HS Code 71 (Pearls, precious stones, metals) dominates, accounting for 92.80% of Argentina's exports to Switzerland.
What does Argentina import from Switzerland?
Top imports are HS Code 30 (Pharmaceutical products) at 38.28% and HS Code 29 (Organic chemicals) at 35.65%.
What is the trade balance between Argentina and Switzerland?
Argentina recorded a trade surplus of $363.61M, with exports ($528.76M) significantly exceeding imports ($165.15M).
Argentina - Switzerland Trade 2024 Whole Year: $1.13B Surplus
Argentina's $1.13B trade surplus with Switzerland in 2024 highlights a resource-for-tech exchange. Explore Argentina Switzerland trade trends and top trading products via yTrade data.
Argentina - Switzerland Trade 2024 Q4: Surplus & Volatility
Argentina's trade surplus with Switzerland hit $356.44M in Q4 2024, fueled by precious metals exports. Discover the latest Argentina Switzerland trade trend and top trading products via yTrade data.
