Argentina - Uruguay Trade 2024 Whole Year: $910.75M Surplus
Key Market Takeaways: Argentina - Uruguay Trade
The bilateral trade relationship between Argentina and Uruguay shows growth with high volatility in 2024.
- Economic Pulse: Argentina holds a $910.75M trade surplus ($1.72B exports vs. $809.25M imports), reinforcing its role as Uruguay’s dominant net exporter. Volatile monthly swings suggest uneven demand or supply chain adjustments.
- Exchange Structure: Argentina - Uruguay trade statistics reveal a resource-for-tech complementarity, with Argentina exporting industrial/consumer goods (HS Code 99, 27) and importing agricultural products (HS Code 12) from Uruguay.
- Strategic Interdependence: The relationship is moderately concentrated, with Argentina occupying a higher value-add position through processed goods, while Uruguay supplies critical agricultural inputs.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Uruguay Trade Trend in Whole Year 2024
Argentina Export Performance: Shipments to Uruguay
- Total Volume: $1.72B in 2024.
- Growth Trend & Context:
- Mixed YoY performance: Strong rebounds in May (+29.35%) and October (+72.49%) offset declines in Q1 (e.g., March: -18.43%) and mid-year (June: -18.36%).
- No specific trade news to contextualize trends.
- Key Volatility: August saw a 92.92% MoM surge, while September dropped 44.43% MoM.
Argentina Import Performance: Sourcing from Uruguay
- Total Volume: $809.25M in 2024.
- Growth Trend & Context:
- Volatile YoY swings: October (+203.81%) and November (+192.24%) posted explosive growth, while March (-29.02%) and January (-28.3%) dragged early performance.
- Key Volatility: October’s imports spiked 74.38% MoM to $165.45M, the highest monthly value. December fell sharply (-44.64% MoM).
Argentina - Uruguay Trade Balance & Market Dynamics
- Net Position: Argentina holds a trade surplus of $910.75M ($1.72B exports vs. $809.25M imports).
- Relationship Status: Argentina is a dominant net exporter to Uruguay, with exports more than double imports. Volatility in both flows suggests uneven demand or supply chain adjustments.
Argentina Import Trend from Uruguay 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 27.75M | -31.65% | -28.3% |
| Feb | 36.06M | 29.95% | -7.28% |
| Mar | 41.46M | 14.97% | -29.02% |
| Apr | 45.07M | 8.71% | 19.23% |
| May | 71.57M | 58.8% | 24.37% |
| Jun | 50.37M | -29.63% | 17.88% |
| Jul | 51.55M | 2.35% | 3.72% |
| Aug | 61.68M | 19.65% | 8.15% |
| Sep | 94.88M | 53.84% | 70.59% |
| Oct | 165.45M | 74.38% | 203.81% |
| Nov | 105.18M | -36.43% | 192.24% |
| Dec | 58.22M | -44.64% | 43.41% |
| Total | 809.25M | - | - |
Argentina Export Trend to Uruguay 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 100.10M | 2.16% | 6.43% |
| Feb | 94.30M | -5.79% | -7.95% |
| Mar | 115.25M | 22.21% | -18.43% |
| Apr | 114.72M | -0.46% | -29.57% |
| May | 147.78M | 28.82% | 29.35% |
| Jun | 102.54M | -30.61% | -18.36% |
| Jul | 134.62M | 31.29% | -10.03% |
| Aug | 259.72M | 92.92% | 14.66% |
| Sep | 144.32M | -44.43% | 0.68% |
| Oct | 181.59M | 25.82% | 72.49% |
| Nov | 193.83M | 6.74% | -0.95% |
| Dec | 132.86M | -31.46% | 35.59% |
| Total | 1.72B | - | - |
Get Historical Argentina Uruguay Trade Records
Argentina-Uruguay Top Trading Products in Whole Year 2024
Argentina Export Profile: What Does Argentina Sell to Uruguay
- Top Commodity: HS Code 99 (29.34% of exports).
- Demand Driver: Uruguay likely imports these goods for industrial processing or consumer market needs.
- Concentration: The top two exports (HS Code 99 and 27) account for nearly 50% of total exports, indicating moderate concentration.
Argentina Import Profile: What Does Argentina Buy from Uruguay
- Top Commodity: HS Code 12 (25.42% of imports).
- Dependency Nature: Likely agricultural, suggesting food security dependency.
Argentina - Uruguay Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports a mix of industrial and consumer goods (HS Code 99, 27) while importing agricultural products (HS Code 12) from Uruguay.
- Value Chain Position: Argentina holds a higher value-add position, exporting processed or manufactured goods (HS Code 99, 27) compared to Uruguay’s agricultural exports.
Import Analysis by Product: Uruguay to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 12 | 205.74M | 25.42% |
| 27 | 116.52M | 14.40% |
| 47 | 72.28M | 8.93% |
| 85 | 66.82M | 8.26% |
| 39 | 51.90M | 6.41% |
| 87 | 46.46M | 5.74% |
| 30 | 42.30M | 5.23% |
| 15 | 32.51M | 4.02% |
| 34 | 30.43M | 3.76% |
| 38 | 22.33M | 2.76% |
Export Analysis by Product: Argentina to Uruguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 99 | 505.20M | 29.34% |
| 27 | 342.98M | 19.92% |
| 30 | 90.60M | 5.26% |
| 23 | 60.28M | 3.50% |
| 38 | 57.77M | 3.36% |
| 87 | 56.54M | 3.28% |
| 39 | 50.85M | 2.95% |
| 33 | 50.49M | 2.93% |
| 20 | 45.44M | 2.64% |
| 19 | 42.47M | 2.47% |
Check Detailed Argentina-Uruguay Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade surplus with Uruguay is expected to hold steady in 2025, supported by resilient demand for processed and industrial exports (HS Code 99, 27). However, volatility in monthly flows—particularly the sharp swings in August and September—suggests supply chain disruptions or uneven demand that traders must monitor. The explosive growth in Uruguay’s agricultural exports (HS Code 12) to Argentina in late 2024 indicates rising food security needs, which could further imbalance the trade relationship if not managed. For sustained growth, both nations should prioritize stabilizing trade flows through coordinated policy measures.
Strategic Moves
- Lock in Long-Term Contracts: Argentine exporters of HS Code 99 and 27 goods should secure multi-year agreements with Uruguayan buyers to mitigate price volatility and ensure steady revenue streams.
- Diversify Import Sources: Argentina’s reliance on Uruguayan agricultural products (HS Code 12) poses a risk. Traders should explore alternative suppliers in Brazil or Paraguay to reduce dependency.
- Optimize Logistics for Peak Periods: Given the erratic monthly trade patterns, exporters and importers must invest in flexible logistics solutions—such as pre-positioned inventory or expedited shipping—to capitalize on surges (e.g., October’s 74.38% import spike) and cushion downturns.
Frequently Asked Questions
How did Argentina - Uruguay trade perform in 2024 Whole Year?
Argentina exported $1.72B to Uruguay and imported $809.25M, with mixed YoY growth and high volatility in monthly trade flows.
What are the top exports from Argentina to Uruguay?
The top exports are HS Code 99 (29.34% of exports) and HS Code 27, together accounting for nearly 50% of total exports.
What does Argentina import from Uruguay?
Argentina primarily imports HS Code 12 (25.42% of imports), likely agricultural products, reflecting a food security dependency.
What is the trade balance between Argentina and Uruguay?
Argentina holds a trade surplus of $910.75M, with exports more than double imports, indicating a dominant net exporter position.
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