Argentina Top 10 Import Origin Countries in 2024 Q1

Argentina Top Import Origins and Sourcing Dependency in 2024 Q1

• Brazil dominates Argentina's import sources, supplying 23% ($3.01B) of total Q1 imports, solidifying its role as the primary trade partner.
• Top 3 suppliers (Brazil, China, US) account for 52.13% of imports, indicating moderate concentration risk with heavy reliance on Western Hemisphere and Asian markets.
• Argentina's major suppliers include Paraguay (6.76%), Germany (4.87%), and Thailand (2.79%), showing some diversification beyond the top tier.
• Supply chain stability appears balanced—no single origin exceeds 25%, but Brazil’s outsized share warrants monitoring for overexposure.

Table: Argentina Top Origin Countries in 2024 Q1 (Source: yTrade)

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Argentina - Key Origin Country Trading Product Pattern

• Brazil (23.00%): As Argentina's leading import source, Brazil supplies a wide range of manufactured goods, including vehicles, machinery, electronics, and processed foods, capitalizing on its deep industrial base and geographic proximity.
• Mainland China (18.78%): China provides Argentina with electronics, industrial equipment, textiles, and consumer products, reflecting its role as a global manufacturing hub and a critical supplier for Argentina's consumer and industrial sectors.
• United States (10.35%): The U.S. exports machinery, technology, chemicals, and energy-related equipment to Argentina, leveraging its advanced technological and industrial capabilities.
• Paraguay (6.76%): Paraguay primarily supplies agricultural products, electricity, and low-cost manufactured goods, benefiting from regional trade agreements and shared infrastructure.
• Germany (4.87%): Germany exports high-value machinery, automotive parts, and chemical products to Argentina, drawing on its reputation for precision engineering and advanced manufacturing.
• Mexico (2.72%): Mexico provides vehicles, electronics, and household goods, utilizing its manufacturing integration with North American supply chains and trade networks.

Frequently Asked Questions

Which countries supply most of Argentina's imports in 2024 Q1?

Brazil (23.00%), Mainland China (18.78%), and the United States (10.35%) are Argentina's top import suppliers.

Does Argentina rely heavily on a single import supplier?

Brazil is Argentina's primary import source, accounting for 23.00% of total imports in Q1 2024.