Argentina - Thailand Trade 2024 Whole Year: Resource-for-Tech Imbalance
Key Market Takeaways: Argentina - Thailand Trade
The bilateral trade relationship between Argentina and Thailand is marked by volatility and a significant trade deficit in 2024.
- Economic Pulse: Argentina runs a $1.43B trade deficit with Thailand, importing $1.71B (mostly machinery/vehicles) while exporting only $282.50M (dominated by unclassified goods and raw materials).
- Exchange Structure: Argentina - Thailand trade statistics reveal a resource-for-tech imbalance—Argentina supplies fish, hides, and ambiguous HS 99 goods, while Thailand exports high-value machinery and automotive parts.
- Strategic Interdependence: Thailand holds the upper hand in value chains, with Argentina dependent on its manufactured goods, signaling an asymmetrical but complementary dynamic.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Thailand Trade Trend in Whole Year 2024
Argentina Export Performance: Shipments to Thailand
- Total Volume: $282.50M in 2024.
- Growth Trend & Context:
- Mixed YoY performance: Sharp spikes in April (+121.56%) and June (+94.92%) contrasted with steep declines in July (-48.57%) and September (-20.08%).
- No specific trade news to explain volatility.
- Key Volatility: December saw the highest MoM surge (+90.44%), while July posted the steepest drop (-56.42%).
Argentina Import Performance: Sourcing from Thailand
- Total Volume: $1.71B in 2024.
- Growth Trend & Context:
- YoY fluctuations: Strong recovery in September (+25.27%) and October (+14.05%), but persistent declines in May (-20.29%) and July (-30.33%).
- Key Volatility: August recorded the highest MoM jump (+53.2%), while January had the deepest YoY contraction (-30.36%).
Argentina - Thailand Trade Balance & Market Dynamics
- Net Position: Argentina runs a trade deficit of $1.43B (Imports $1.71B vs. Exports $282.50M).
- Relationship Status: Heavy reliance on Thai imports, with exports failing to offset the imbalance. Volatility in both directions suggests unstable demand or supply chain adjustments.
Argentina Import Trend from Thailand 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 97.45M | -23.64% | -30.36% |
| Feb | 130.23M | 33.64% | 0.23% |
| Mar | 136.49M | 4.81% | -16.91% |
| Apr | 152.65M | 11.84% | 2.49% |
| May | 136.87M | -10.34% | -20.29% |
| Jun | 111.98M | -18.18% | -1.22% |
| Jul | 103.58M | -7.5% | -30.33% |
| Aug | 158.69M | 53.2% | -19.95% |
| Sep | 177.99M | 12.16% | 25.27% |
| Oct | 181.10M | 1.75% | 14.05% |
| Nov | 175.51M | -3.09% | 12.91% |
| Dec | 152.42M | -13.16% | 19.42% |
| Total | 1.71B | - | - |
Argentina Export Trend to Thailand 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 17.07M | -58.56% | -13.23% |
| Feb | 32.40M | 89.81% | -0.3% |
| Mar | 22.80M | -29.61% | 16.07% |
| Apr | 39.00M | 71.03% | 121.56% |
| May | 22.18M | -43.13% | 2.9% |
| Jun | 31.83M | 43.5% | 94.92% |
| Jul | 13.87M | -56.42% | -48.57% |
| Aug | 19.29M | 39.06% | -10.45% |
| Sep | 13.62M | -29.42% | -20.08% |
| Oct | 17.19M | 26.22% | 9.78% |
| Nov | 18.33M | 6.68% | 0.48% |
| Dec | 34.92M | 90.44% | -15.22% |
| Total | 282.50M | - | - |
Get Historical Argentina Thailand Trade Records
Argentina-Thailand Top Trading Products in Whole Year 2024
Argentina Export Profile: What Does Argentina Sell to Thailand
- Top Commodity: HS Code 99 (67.20% share). Likely unclassified or special category goods, indicating a dominant but ambiguous export.
- Demand Driver: Secondary exports include HS 03 (fish/seafood, 21.81%) and HS 41 (raw hides/skins, 4.92%), suggesting Thailand sources raw materials for industrial processing.
- Concentration: Extreme—HS 99 alone accounts for 67.2% of exports, signaling heavy reliance on a single category.
Argentina Import Profile: What Does Argentina Buy from Thailand
- Top Commodity: HS 87 (vehicles/parts, 34.67%) and HS 84 (machinery, 33.75%) dominate, totaling 68.42% of imports.
- Dependency Nature: Critical technology dependency—Argentina relies on Thailand for high-value machinery and automotive components.
Argentina - Thailand Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw materials (fish, hides) and imports high-tech goods (machinery, vehicles).
- Value Chain Position: Thailand holds the higher value-add position, supplying complex manufactured goods, while Argentina provides low-margin commodities.
Import Analysis by Product: Thailand to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 594.65M | 34.67% |
| 84 | 578.84M | 33.75% |
| 85 | 174.22M | 10.16% |
| 40 | 80.95M | 4.72% |
| 73 | 71.01M | 4.14% |
| 39 | 51.79M | 3.02% |
| 90 | 47.30M | 2.76% |
| 94 | 40.05M | 2.34% |
| 16 | 16.35M | 0.95% |
| 83 | 15.97M | 0.93% |
Export Analysis by Product: Argentina to Thailand (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 99 | 189.85M | 67.20% |
| 03 | 61.62M | 21.81% |
| 41 | 13.89M | 4.92% |
| 02 | 7.10M | 2.51% |
| 16 | 3.34M | 1.18% |
| 52 | 3.08M | 1.09% |
| 44 | 1.55M | 0.55% |
| 07 | 992.51K | 0.35% |
| 22 | 961.23K | 0.34% |
| 20 | 118.90K | 0.04% |
Check Detailed Argentina-Thailand Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade deficit with Thailand is expected to persist in 2025, driven by continued reliance on high-value Thai machinery and automotive imports. However, export volatility—marked by erratic spikes and drops—suggests potential for growth if Argentina stabilizes raw material shipments (e.g., fish, hides) and clarifies the ambiguous HS 99 category. Without structural shifts, the $1.43B deficit will remain a pressure point, but targeted export diversification could narrow the gap.
Strategic Moves
- Diversify Export Composition: Argentine exporters must reduce dependence on HS 99 by expanding seafood (HS 03) and hides (HS 41) shipments, leveraging Thailand’s processing demand. Clarifying HS 99’s contents will also attract more buyers.
- Lock in Long-Term Tech Imports: Argentine manufacturers should secure multi-year contracts for Thai machinery (HS 84) and vehicle parts (HS 87) to mitigate price volatility and ensure stable supply chains.
- Pursue Trade Diplomacy: Argentina’s government must negotiate tariff reductions or bilateral agreements to rebalance the exchange model, incentivizing Thai investment in Argentine value-added industries.
Frequently Asked Questions
How did Argentina - Thailand trade perform in 2024 Whole Year?
Argentina exported $282.50M to Thailand and imported $1.71B, with mixed growth trends and high volatility in both directions.
What are the top exports from Argentina to Thailand?
The top exports are HS Code 99 (unclassified goods, 67.20%), followed by HS 03 (fish/seafood, 21.81%) and HS 41 (raw hides/skins, 4.92%).
What does Argentina import from Thailand?
Argentina primarily imports HS 87 (vehicles/parts, 34.67%) and HS 84 (machinery, 33.75%), which together account for 68.42% of total imports.
What is the trade balance between Argentina and Thailand?
Argentina runs a trade deficit of $1.43B with Thailand, driven by heavy reliance on high-tech imports and limited export diversification.
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