Argentina - Thailand Trade 2023 Whole Year: Resource-Tech Imbalance
Key Market Takeaways: Argentina - Thailand Trade
The bilateral trade relationship between Argentina and Thailand is marked by a heavy import reliance and volatile growth in 2023.
- Economic Pulse: Argentina runs a $1.53B trade deficit with Thailand ($1.80B imports vs. $267.95M exports), with sharp YoY swings in both directions.
- Exchange Structure: Argentina - Thailand trade statistics reveal a resource-for-tech imbalance—Argentina ships unclassified/raw goods (HS 99, 58.3% share) while importing machinery and vehicles (HS 84, 35.2%).
- Strategic Interdependence: Thailand holds the higher value-add position, supplying critical industrial inputs, while Argentina’s exports remain concentrated and less processed.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Thailand Trade Trend in Whole Year 2023
Argentina Export Performance: Shipments to Thailand
- Total Volume: $267.95M in 2023.
- Growth Trend & Context:
- YoY declines dominated, with sharp drops in May (-55.53%), June (-48.98%), and September (-33.55%).
- December saw a rare near-neutral YoY performance (-0.07%) despite a 125.72% MoM surge.
- Key Volatility: December’s exports spiked 125.72% MoM ($41.19M), while June hit the lowest monthly value ($16.33M).
Argentina Import Performance: Sourcing from Thailand
- Total Volume: $1.80B in 2023.
- Growth Trend & Context:
- Mixed YoY trends: August (+44.23%) and October (+16.92%) surged, but June (-35.08%) and September (-28.42%) collapsed.
- Key Volatility: August peaked at $198.25M (33.35% MoM growth), while June recorded the steepest MoM drop (-33.98%).
Argentina - Thailand Trade Balance & Market Dynamics
- Net Position: Trade Deficit of $1.53B (Imports $1.80B > Exports $267.95M).
- Relationship Status: Heavy import reliance, with Thailand-critical goods likely driving the deficit. December’s export rebound hints at potential rebalancing.
Argentina Import Trend from Thailand 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 139.94M | 27.77% | -4.94% |
| Feb | 129.93M | -7.15% | 5.7% |
| Mar | 164.27M | 26.43% | -1.67% |
| Apr | 148.94M | -9.34% | 9.91% |
| May | 171.71M | 15.29% | 7.02% |
| Jun | 113.37M | -33.98% | -35.08% |
| Jul | 148.67M | 31.13% | -3.95% |
| Aug | 198.25M | 33.35% | 44.23% |
| Sep | 142.08M | -28.33% | -28.42% |
| Oct | 158.79M | 11.76% | 16.92% |
| Nov | 155.44M | -2.11% | -8.21% |
| Dec | 127.63M | -17.9% | 16.53% |
| Total | 1.80B | - | - |
Argentina Export Trend to Thailand 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 19.67M | -52.27% | -7.52% |
| Feb | 32.50M | 65.2% | 29.85% |
| Mar | 19.65M | -39.54% | -21.6% |
| Apr | 17.60M | -10.4% | -33.17% |
| May | 21.55M | 22.44% | -55.53% |
| Jun | 16.33M | -24.24% | -48.98% |
| Jul | 26.97M | 65.19% | -7.14% |
| Aug | 21.54M | -20.13% | -11.16% |
| Sep | 17.04M | -20.91% | -33.55% |
| Oct | 15.66M | -8.11% | -24.38% |
| Nov | 18.25M | 16.55% | -28.67% |
| Dec | 41.19M | 125.72% | -0.07% |
| Total | 267.95M | - | - |
Get Historical Argentina Thailand Trade Records
Argentina-Thailand Top Trading Products in Whole Year 2023
Argentina Export Profile: What Does Argentina Sell to Thailand
- Top Commodity: HS Code 99 (58.29% share). Likely unclassified or special category goods, dominating exports.
- Demand Driver: Thailand uses these for industrial processing or re-export, given the high concentration in a single code.
- Concentration: Extreme—HS Code 99 alone accounts for 58.3% of exports, indicating heavy reliance on one category.
Argentina Import Profile: What Does Argentina Buy from Thailand
- Top Commodity: HS Code 84 (35.18% share). Machinery (e.g., industrial equipment, nuclear reactors).
- Dependency Nature: Critical technology dependency, as HS Code 84 (machinery) and 87 (vehicles) dominate imports.
Argentina - Thailand Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports unclassified/raw goods (HS 99, 03) while importing high-value machinery and vehicles (HS 84, 87).
- Value Chain Position: Thailand holds the higher value-add position, supplying advanced manufactured goods, while Argentina’s exports skew toward raw or less-processed items.
Import Analysis by Product: Thailand to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 632.84M | 35.18% |
| 87 | 544.90M | 30.29% |
| 85 | 206.08M | 11.45% |
| 40 | 87.96M | 4.89% |
| 73 | 80.67M | 4.48% |
| 39 | 63.96M | 3.56% |
| 90 | 47.95M | 2.67% |
| 94 | 40.35M | 2.24% |
| 16 | 22.75M | 1.26% |
| 83 | 17.64M | 0.98% |
Export Analysis by Product: Argentina to Thailand (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 99 | 156.19M | 58.29% |
| 03 | 82.93M | 30.95% |
| 02 | 15.95M | 5.95% |
| 16 | 6.51M | 2.43% |
| 05 | 1.48M | 0.55% |
| 07 | 1.47M | 0.55% |
| 22 | 977.90K | 0.36% |
| 44 | 898.24K | 0.34% |
| 12 | 694.16K | 0.26% |
| 41 | 645.50K | 0.24% |
Check Detailed Argentina-Thailand Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Argentina-Thailand trade relationship is likely to remain volatile in 2024, with Argentina’s persistent deficit driven by heavy reliance on Thai machinery (HS 84) and vehicles (HS 87). However, December’s export rebound suggests potential for rebalancing if Argentina capitalizes on unclassified goods (HS 99) and raw material demand. Traders should expect continued import dependency but monitor opportunities in niche export sectors where Argentina can reduce asymmetry.
Strategic Moves
- Diversify Export Offerings: Argentina must reduce reliance on HS 99 by expanding into higher-value processed goods, leveraging agro-industrial strengths to capture more Thai demand.
- Secure Long-Term Tech Supply Contracts: Importers should lock in machinery (HS 84) and vehicle (HS 87) agreements now to mitigate price volatility amid global supply chain fluctuations.
- Leverage Trade Diplomacy for Rebalancing: Argentine negotiators should push for tariff reductions on key exports to Thailand, targeting sectors where the deficit is most acute.
Frequently Asked Questions
How did Argentina - Thailand trade perform in 2023 Whole Year?
Argentina exported $267.95M to Thailand but imported $1.80B, resulting in a trade deficit. Exports saw YoY declines, while imports had mixed trends with notable surges and drops.
What are the top exports from Argentina to Thailand?
The top export was HS Code 99 (58.29% share), likely unclassified or special category goods, indicating heavy reliance on one category.
What does Argentina import from Thailand?
Argentina primarily imports HS Code 84 (35.18% share, machinery) and HS Code 87 (vehicles), reflecting a dependency on high-value manufactured goods.
What is the trade balance between Argentina and Thailand?
Argentina recorded a trade deficit of $1.53B with Thailand in 2023, driven by heavy import reliance on machinery and vehicles.
Argentina - Switzerland Trade 2025 Q2: Surplus & Tech Imbalance
Argentina's $413.75M trade surplus with Switzerland highlights a resource-for-tech dynamic, with precious metals dominating exports and pharmaceuticals leading imports. Explore Argentina Switzerland trade trends and top trading products via yTrade data.
Argentina - Thailand Trade 2023 Q1: Deficit & Resource-Tech Dynamic
Argentina's $362.32M trade deficit with Thailand in Q1 2023 highlights a resource-for-tech exchange. Fish/seafood dominate exports, while machinery leads imports. Explore Argentina Thailand trade trends on yTrade.
