Argentina - Thailand Trade 2025 Q2: Rising Deficit Concerns

Key Market Takeaways: Argentina - Thailand Trade

The bilateral trade relationship between Argentina and Thailand remains heavily skewed toward imports, with Argentina running a significant deficit in Q2 2025.

• Economic Pulse: Argentina posted a $471.39M trade deficit with Thailand, driven by $552.76M in imports versus just $81.37M in exports. While imports showed strong YoY growth, exports were volatile, with a sharp June rebound.
• Exchange Structure: Argentina - Thailand trade statistics reveal a resource-for-tech imbalance—Argentina ships seafood (HS 03) and niche goods (HS 99), while Thailand dominates with machinery (HS 84) and vehicles (HS 87).
• Strategic Interdependence: Thailand holds the high-value position, supplying critical industrial inputs, while Argentina’s export base lacks diversification.

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

Argentina-Thailand Trade Trend in Q2 2025

Argentina Export Performance: Shipments to Thailand

• Total Volume: $81.37M in Q2 2025.
• Growth Trend & Context:
  • YoY growth was mixed: April (-34.25%) and May (-16.19%) saw declines, but June rebounded (+16.67%).
• Key Volatility: June exports nearly doubled MoM (+99.75%), signaling a sharp recovery after May’s -27.51% drop.

Argentina Import Performance: Sourcing from Thailand

• Total Volume: $552.76M in Q2 2025.
• Growth Trend & Context:
  • Strong YoY growth persisted (April +42.88%, May +43.22%, June +23.79%), though June’s pace slowed.
• Key Volatility: April imports surged 61.78% MoM, followed by a -29.28% contraction in June.

Argentina - Thailand Trade Balance & Market Dynamics

• Net Position: Trade deficit of $471.39M (Imports dwarfed exports).
• Relationship Status: Argentina remains heavily import-dependent on Thailand, with no signs of rebalancing.

Argentina Import Trend from Thailand 2025 Q2 (Source: yTrade)**

Argentina Export Trend to Thailand 2025 Q2 (Source: yTrade)**

Get Historical Argentina Thailand Trade Records

Argentina-Thailand Top Trading Products in Q2 2025

Argentina Export Profile: What Does Argentina Sell to Thailand

• Top Commodity: Rank #1 export is HS Code 99 (53.56% share). This likely represents unclassified or special category goods, indicating a niche or bundled trade segment.
• Demand Driver: HS Code 03 (43.47% share) suggests Thailand sources seafood or other aquatic products from Argentina, likely for food processing or direct consumption.
• Concentration: Extreme concentration—HS Code 99 and 03 combined account for 97.03% of exports, leaving minimal diversification.

Argentina Import Profile: What Does Argentina Buy from Thailand

• Top Commodity: Rank #1 import is HS Code 87 (38.10% share), representing vehicles (likely auto parts or assembled units), followed closely by HS Code 84 (35.47% share), indicating machinery/industrial equipment.
• Dependency Nature: Heavy reliance on Thai machinery and transport goods points to critical technology dependency for Argentina’s industrial or automotive sectors.

Argentina - Thailand Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw or semi-processed goods (e.g., seafood) while importing high-value machinery and vehicles from Thailand.
• Value Chain Position: Thailand holds the higher value-add position, dominating with complex manufactured goods (HS 84, 85, 87), while Argentina’s exports skew toward primary commodities.

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

The Argentina-Thailand trade relationship is expected to remain lopsided in the near term, with Thailand maintaining its dominance in high-value machinery and vehicle exports. Argentina’s export rebound in June 2025 suggests potential for recovery in niche seafood and unclassified goods (HS 03 and 99), but extreme concentration leaves it vulnerable to demand shocks. Given Thailand’s slowing import growth in June, traders should anticipate short-term volatility, though the structural resource-for-tech complementarity will likely sustain long-term trade flows.

Strategic Moves

• Diversify Export Basket: Argentina must reduce reliance on HS 03 and 99 by identifying new exportable goods—processed foods or value-added agricultural products—to mitigate Thailand’s demand volatility.
• Secure Long-Term Tech Supply Contracts: Argentine importers of Thai machinery (HS 84, 87) should lock in pricing and delivery terms to hedge against supply chain disruptions and currency fluctuations.
• Lobby for Trade Rebalancing Measures: Argentine policymakers should push for bilateral agreements that incentivize Thai investment in local manufacturing, reducing the $471M deficit by upgrading domestic production capabilities.

Frequently Asked Questions

How did Argentina - Thailand trade perform in 2025 Q2?

Argentina's exports to Thailand totaled $81.37M, with mixed YoY growth, while imports from Thailand reached $552.76M, showing strong YoY growth but a slowdown in June.

What are the top exports from Argentina to Thailand?

The top exports are HS Code 99 (unclassified/special goods) and HS Code 03 (seafood or aquatic products), accounting for 97.03% of total exports.

What does Argentina import from Thailand?

Argentina primarily imports vehicles (HS Code 87) and machinery/industrial equipment (HS Code 84), reflecting a heavy reliance on Thai technology and manufactured goods.

What is the trade balance between Argentina and Thailand?

Argentina recorded a trade deficit of $471.39M, with imports significantly outweighing exports, indicating no rebalancing in the trade relationship.