Argentina - Switzerland Trade 2024 Q4: Surplus & Volatility

Key Market Takeaways: Argentina - Switzerland Trade

The bilateral trade relationship between Argentina and Switzerland shows growth with high volatility in Q4 2024.

• Economic Pulse: Argentina holds a $356.44M trade surplus, exporting $503.61M (3.4x imports) amid erratic YoY swings—October’s 455.96% export surge contrasted with November’s -5.96% drop.
• Exchange Structure: Argentina - Switzerland trade statistics reveal a resource-for-tech model—98.05% of exports are precious metals (HS 71) for Switzerland’s luxury sector, while 62.15% of imports are pharmaceuticals (HS 30).
• Strategic Interdependence: Highly complementary but imbalanced—Switzerland captures higher value-add in advanced goods, while Argentina remains commodity-dependent.

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

Argentina-Switzerland Trade Trend in Q4 2024

Argentina Export Performance: Shipments to Switzerland

• Total Volume: $503.61M in Q4 2024.
• Growth Trend & Context:
  • YoY growth was erratic, with October surging 455.96% followed by a -5.96% contraction in November. December rebounded modestly (+7.45%).
  • Key Volatility: October’s 123.54% MoM spike dominated the quarter, while November and December saw sharp declines (-28.09% and -24.23% MoM, respectively).

Argentina Import Performance: Sourcing from Switzerland

• Total Volume: $147.17M in Q4 2024.
• Growth Trend & Context:
  • YoY swings were extreme: October (+54.35%), November (-17.92%), and December (+117.32%).
  • Key Volatility: December’s 58.14% MoM jump offset November’s -38.59% drop, suggesting volatile demand or supply adjustments.

Argentina - Switzerland Trade Balance & Market Dynamics

• Net Position: Trade surplus of $356.44M (Exports $503.61M > Imports $147.17M).
• Relationship Status: Argentina maintains a strong net exporter role, with exports 3.4x imports. Volatility in both flows indicates uneven trade momentum.

Argentina Import Trend from Switzerland 2024 Q4 (Source: yTrade)**

Argentina Export Trend to Switzerland 2024 Q4 (Source: yTrade)**

Get Historical Argentina Switzerland Trade Records

Argentina-Switzerland Top Trading Products in Q4 2024

Argentina Export Profile: What Does Argentina Sell to Switzerland

• Top Commodity: HS Code 71 (Pearls, precious stones, metals) dominates with 98.05% share.
• Demand Driver: Switzerland's luxury goods and watchmaking industries rely on these high-value inputs.
• Concentration: Extreme reliance on one category (98.05%), indicating minimal diversification.

Argentina Import Profile: What Does Argentina Buy from Switzerland

• Top Commodity: HS Code 30 (Pharmaceuticals) leads at 62.15% of imports.
• Dependency Nature: Critical technology dependency, as Switzerland supplies essential medicines and advanced medical products.

Argentina - Switzerland Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Argentina exports raw precious materials, Switzerland supplies high-tech pharmaceuticals.
• Value Chain Position: Switzerland holds the higher value-add position, evidenced by its advanced pharmaceutical exports versus Argentina's commodity-focused outbound trade.

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

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

Check Detailed Argentina-Switzerland Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast for Argentina-Switzerland Trade

The Argentina-Switzerland trade relationship is expected to remain volatile in the near term, driven by Switzerland’s reliance on Argentina’s high-value precious metals (HS 71) and Argentina’s dependence on Swiss pharmaceuticals (HS 30). While the trade surplus favors Argentina, erratic YoY swings in both exports and imports suggest supply chain disruptions or demand fluctuations. Over the next year, exporters should anticipate tighter margins if commodity prices waver, while importers may face supply bottlenecks for critical pharma products. Strategic adjustments will be key to stabilizing this complementary but uneven exchange.

Strategic Moves for Traders & Policymakers

• Lock in Long-Term Contracts for Precious Metals: Given Switzerland’s steady demand for HS 71 goods, Argentine exporters should secure multi-year agreements to mitigate price volatility and ensure stable revenue streams.
• Diversify Import Sources for Pharmaceuticals: Argentina’s heavy reliance on Swiss pharma imports (62.15%) poses a supply risk. Buyers must identify alternative suppliers in the EU or India to reduce dependency.
• Invest in Value-Add Processing for Exports: Argentina’s raw material exports (98.05% HS 71) leave significant value on the table. Firms should explore partnerships with Swiss manufacturers to develop semi-finished or finished luxury goods, capturing higher margins.

Frequently Asked Questions

How did Argentina - Switzerland trade perform in 2024 Q4?

Argentina's exports to Switzerland totaled $503.61M, with erratic YoY growth, while imports reached $147.17M, showing extreme YoY swings. The trade surplus was $356.44M.

What are the top exports from Argentina to Switzerland?

Argentina's top export to Switzerland is HS Code 71 (Pearls, precious stones, metals), accounting for 98.05% of shipments, driven by Switzerland's luxury goods industry.

What does Argentina import from Switzerland?

Argentina primarily imports HS Code 30 (Pharmaceuticals) from Switzerland, making up 62.15% of total imports, reflecting a dependency on advanced medical products.

What is the trade balance between Argentina and Switzerland?

Argentina maintains a trade surplus of $356.44M with Switzerland, with exports 3.4x higher than imports, though both flows show significant volatility.