Argentina - Vietnam Trade 2023 Whole Year: Resource-for-Tech Dynamic
Key Market Takeaways: Argentina - Vietnam Trade
The bilateral trade relationship between Argentina and Vietnam reflects growth with high volatility in 2023.
- Economic Pulse: Argentina held a $700M trade surplus ($2.09B exports vs. $1.39B imports), but exports saw sharp YoY declines (-73% in March) while imports rebounded in H2 (+111% in July).
- Exchange Structure: Argentina - Vietnam trade statistics reveal a resource-for-tech dynamic—Argentina supplies industrial residues (51% of exports) while importing high-value electronics (71% of imports).
- Strategic Interdependence: The partnership is highly complementary, with Vietnam dominating high-margin manufacturing and Argentina providing low-cost commodities.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Vietnam Trade Trend in Whole Year 2023
Argentina Export Performance: Shipments to Vietnam
- Total Volume: $2.09B in 2023.
- Growth Trend & Context:
- YoY trends were sharply negative for most months, with double-digit declines (e.g., -73.02% in March, -58.38% in October).
- Only June showed modest YoY growth (+7.75%).
- Key Volatility: April saw a 173.6% MoM surge, while October had a -54.74% MoM drop.
Argentina Import Performance: Sourcing from Vietnam
- Total Volume: $1.39B in 2023.
- Growth Trend & Context:
- Mixed YoY performance: H1 saw declines (e.g., -15.41% in April), but H2 rebounded (e.g., +111.44% in July).
- Key Volatility: July peaked with a 111.44% YoY jump, while December hit the lowest value ($50.81M, -32.81% YoY).
Argentina - Vietnam Trade Balance & Market Dynamics
- Net Position: Argentina recorded a trade surplus of $700M (Exports $2.09B > Imports $1.39B).
- Relationship Status: Argentina maintains a strong net exporter role, though export volatility (e.g., April’s spike) suggests uneven demand.
Argentina Import Trend from Vietnam 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 132.25M | 74.87% | 20.81% |
| Feb | 120.04M | -9.24% | 8.2% |
| Mar | 137.64M | 14.67% | 8.12% |
| Apr | 150.57M | 9.39% | -15.41% |
| May | 131.29M | -12.81% | -9.6% |
| Jun | 129.06M | -1.7% | 50.13% |
| Jul | 142.92M | 10.74% | 111.44% |
| Aug | 108.12M | -24.35% | 21.15% |
| Sep | 105.84M | -2.11% | 23.66% |
| Oct | 115.47M | 9.1% | 42.02% |
| Nov | 69.28M | -40.0% | -16.98% |
| Dec | 50.81M | -26.66% | -32.81% |
| Total | 1.39B | - | - |
Argentina Export Trend to Vietnam 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 85.20M | -62.31% | -26.69% |
| Feb | 102.41M | 20.2% | -45.55% |
| Mar | 89.99M | -12.13% | -73.02% |
| Apr | 246.20M | 173.6% | -41.85% |
| May | 214.32M | -12.95% | -21.04% |
| Jun | 292.10M | 36.29% | 7.75% |
| Jul | 279.69M | -4.25% | -19.28% |
| Aug | 254.52M | -9.0% | -16.77% |
| Sep | 217.43M | -14.57% | -14.27% |
| Oct | 98.40M | -54.74% | -58.38% |
| Nov | 100.63M | 2.26% | -59.86% |
| Dec | 112.29M | 11.59% | -50.32% |
| Total | 2.09B | - | - |
Get Historical Argentina Vietnam Trade Records
Argentina-Vietnam Top Trading Products in Whole Year 2023
Argentina Export Profile: What Does Argentina Sell to Vietnam
- Top Commodity: Rank #1 export is HS Code 23 (Residues and waste from the food industries), accounting for 51.18% of total exports to Vietnam.
- Demand Driver: Vietnam likely uses these for industrial processing, such as animal feed production or biofuel inputs.
- Concentration: Trade is highly concentrated, with the top two categories (HS 23 and 10) making up 90.63% of exports.
Argentina Import Profile: What Does Argentina Buy from Vietnam
- Top Commodity: Rank #1 import is HS Code 85 (Electrical machinery and equipment), representing 70.70% of total imports from Vietnam.
- Dependency Nature: Reflects a critical technology dependency, as Vietnam supplies high-value electronics and machinery.
Argentina - Vietnam Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Argentina exports raw materials (HS 23, 10) while importing high-tech goods (HS 85, 84).
- Value Chain Position: Vietnam holds the higher value-add position, dominating with complex manufactured goods, while Argentina supplies low-margin commodities.
Import Analysis by Product: Vietnam to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 985.05M | 70.70% |
| 64 | 174.82M | 12.55% |
| 84 | 91.22M | 6.55% |
| 62 | 23.60M | 1.69% |
| 61 | 14.97M | 1.07% |
| 40 | 12.77M | 0.92% |
| 72 | 12.68M | 0.91% |
| 59 | 10.60M | 0.76% |
| 90 | 7.45M | 0.53% |
| 95 | 7.19M | 0.52% |
Export Analysis by Product: Argentina to Vietnam (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 1.07B | 51.18% |
| 10 | 825.71M | 39.45% |
| 99 | 90.80M | 4.34% |
| 41 | 29.80M | 1.42% |
| 03 | 22.28M | 1.06% |
| 07 | 16.86M | 0.81% |
| 52 | 12.43M | 0.59% |
| 02 | 6.32M | 0.30% |
| 30 | 6.08M | 0.29% |
| 05 | 5.02M | 0.24% |
Check Detailed Argentina-Vietnam Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade surplus with Vietnam is likely to persist in 2024, but export volatility—driven by fluctuating demand for agricultural residues (HS 23)—will remain a challenge. Vietnam’s growing reliance on Argentine commodities for industrial processing could stabilize volumes, while Argentina’s tech imports (HS 85) from Vietnam may rise further, reinforcing the resource-for-tech exchange. However, erratic shipment patterns demand proactive risk management. The Argentina-Vietnam trade forecast hinges on securing stable supply chains amid global economic uncertainty.
Strategic Moves
- Lock in Long-Term Commodity Contracts: Argentine exporters of HS 23 should negotiate multi-year agreements with Vietnamese buyers to mitigate price swings and ensure steady demand.
- Diversify Export Offerings: Argentina must reduce reliance on HS 23 by expanding high-value agro-industrial exports (e.g., processed foods) to capture more of Vietnam’s consumer market.
- Strengthen Tech Partnerships: Vietnamese electronics suppliers (HS 85) should collaborate with Argentine industrial firms to co-develop localized solutions, enhancing trade resilience.
Frequently Asked Questions
How did Argentina - Vietnam trade perform in 2023 Whole Year?
Argentina exported $2.09B to Vietnam and imported $1.39B, but exports saw sharp YoY declines, while imports showed mixed growth with a strong rebound in H2.
What are the top exports from Argentina to Vietnam?
HS Code 23 (Residues and waste from the food industries) dominated, accounting for 51.18% of exports, followed by HS Code 10, together making up 90.63% of total exports.
What does Argentina import from Vietnam?
HS Code 85 (Electrical machinery and equipment) was the top import, representing 70.70% of total imports, highlighting Vietnam’s role as a key supplier of high-tech goods.
What is the trade balance between Argentina and Vietnam?
Argentina recorded a trade surplus of $700M in 2023, maintaining its net exporter position despite volatile export performance.
Argentina Gear Boxes Export Market -- HS Code 870840 Trade Data & Price Trend (May 2025)
Argentina's Gear Boxes (HS Code 870840) exports to Brazil surged to 81.83% share in May 2025, with gear box components driving $28.16M amid volatility, per yTrade data.
Argentina - Vietnam Trade 2023 Q1: Deficit Deepens
Argentina's trade deficit with Vietnam hit $112.33M in Q1 2023, driven by soaring electronics imports. Explore Argentina Vietnam trade trends & top trading products via yTrade data.
