Argentina - Thailand Trade 2024 Q4: Deficit-Driven Exchange

Key Market Takeaways: Argentina - Thailand Trade

The bilateral trade relationship between Argentina and Thailand reflects a growing but imbalanced dependency in Q4 2024.

• Deficit-Driven Trade: Argentina posted a $438.59M trade deficit with Thailand ($509.03M imports vs. $70.44M exports), driven by sustained Thai import demand (+12.91% YoY avg.) amid erratic Argentine export performance (-15.22% YoY in December).
• Resource-for-Tech Exchange: Argentina - Thailand trade statistics reveal a one-sided complementarity—Argentina’s exports are 85% concentrated in a single commodity (likely raw materials), while Thailand supplies critical machinery/vehicles (78.44% of imports).
• Asymmetric Interdependence: Thailand holds the high-value position, with Argentina reliant on Thai tech imports and lacking export diversification to rebalance the relationship.

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

Argentina-Thailand Trade Trend in Q4 2024

Argentina Export Performance: Shipments to Thailand

• Total Volume: $70.44M in Q4 2024.
• Growth Trend & Context:
  • YoY growth was mixed, with October (+9.78%) and November (+0.48%) showing modest gains, but December saw a sharp decline (-15.22%).
  • No relevant trade news to explain the volatility.
• Key Volatility: December exports surged 90.44% MoM, despite the YoY drop, indicating erratic month-end activity.

Argentina Import Performance: Sourcing from Thailand

• Total Volume: $509.03M in Q4 2024.
• Growth Trend & Context:
  • YoY growth remained strong (October +14.05%, November +12.91%, December +19.42%), suggesting sustained demand.
• Key Volatility: December imports plummeted 13.16% MoM after a stable October-November, possibly due to year-end supply adjustments.

Argentina - Thailand Trade Balance & Market Dynamics

• Net Position: Trade deficit of $438.59M (Imports $509.03M > Exports $70.44M).
• Relationship Status: Argentina is heavily dependent on Thai imports, with exports failing to offset the imbalance.

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

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

Get Historical Argentina Thailand Trade Records

Argentina-Thailand Top Trading Products in Q4 2024

Argentina Export Profile: What Does Argentina Sell to Thailand

• Top Commodity: HS Code 99 dominates exports to Thailand, accounting for 85.10% of total export value.
• Demand Driver: Thailand likely imports this category for industrial processing, given its overwhelming share.
• Concentration: Extreme reliance on one category (85.10%), indicating minimal diversification in exports to Thailand.

Argentina Import Profile: What Does Argentina Buy from Thailand

• Top Commodity: HS Code 87 (vehicles) leads imports, representing 37.35% of total import value.
• Dependency Nature: Machinery and vehicles (HS Codes 87, 84, 85) collectively make up 78.44% of imports, pointing to critical technology dependency.

Argentina - Thailand Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity. Argentina exports a single dominant commodity (likely raw materials) while importing high-value machinery and vehicles from Thailand.
• Value Chain Position: Thailand holds the higher value-add position, supplying advanced manufactured goods, while Argentina’s exports suggest a primary resource focus.

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

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

Check Detailed Argentina-Thailand Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast for Argentina-Thailand Trade

The Argentina-Thailand trade relationship is expected to remain volatile in the near term, with Argentina’s export performance showing erratic swings while imports from Thailand continue their steady growth. The persistent trade deficit ($438.59M in Q4 2024) highlights Argentina’s heavy reliance on Thai machinery and vehicles (HS Codes 87, 84, 85), a dependency unlikely to ease without structural shifts. Exporters should brace for further fluctuations, particularly in the dominant HS Code 99 category, which lacks diversification. Meanwhile, import demand for Thai technology and industrial goods will likely sustain, driven by Argentina’s need for advanced manufacturing inputs.

Strategic Moves for Traders & Policymakers

• Diversify Export Offerings: Argentina must reduce its overreliance on a single commodity (HS Code 99) by identifying and promoting secondary export categories to Thailand, such as agricultural byproducts or niche manufacturing goods.
• Negotiate Long-Term Supply Agreements: Importers of Thai machinery and vehicles should secure fixed-price contracts to mitigate price volatility and ensure stable access to critical technology inputs.
• Monitor December Trade Patterns: Given the erratic month-end spikes in exports and import drops, traders should adjust inventory and shipping schedules to avoid being caught in year-end supply chain disruptions.

Frequently Asked Questions

How did Argentina - Thailand trade perform in 2024 Q4?

Argentina's exports to Thailand totaled $70.44M, with mixed YoY growth, while imports from Thailand reached $509.03M, showing strong YoY gains.

What are the top exports from Argentina to Thailand?

HS Code 99 dominates Argentina's exports to Thailand, accounting for 85.10% of total export value, likely representing raw materials or industrial inputs.

What does Argentina import from Thailand?

Argentina primarily imports vehicles (HS Code 87, 37.35%) and machinery (HS Codes 84, 85), which together make up 78.44% of total imports from Thailand.

What is the trade balance between Argentina and Thailand?

Argentina recorded a trade deficit of $438.59M with Thailand in Q4 2024, driven by significantly higher imports than exports.