Argentina - Vietnam Trade 2023 Q2: Surplus & Tech Trade

Key Market Takeaways: Argentina - Vietnam Trade

The bilateral trade relationship between Argentina and Vietnam reflects growth with volatility in Q2 2023, marked by Argentina's strong surplus position.

• Economic Pulse: Argentina holds a $341.7M trade surplus ($752.62M exports vs. $410.92M imports), though YoY swings highlight demand sensitivity.
• Exchange Structure: Argentina - Vietnam trade statistics reveal a resource-for-tech model: agricultural byproducts (60% of exports) for high-value electronics (74% of imports).
• Strategic Interdependence: Highly complementary but imbalanced—Vietnam dominates value chains, while Argentina supplies low-margin commodities.

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

Argentina-Vietnam Trade Trend in Q2 2023

Argentina Export Performance: Shipments to Vietnam

• Total Volume: $752.62M in Q2 2023.
• Growth Trend & Context:
  • Mixed YoY performance: June saw a 7.75% YoY rebound, but April-May declines (-41.85% and -21.04% YoY) dragged the quarter.
  • Key Volatility: April exports surged 173.6% MoM, likely due to base effects or short-term demand spikes, followed by a -12.95% MoM correction in May.

Argentina Import Performance: Sourcing from Vietnam

• Total Volume: $410.92M in Q2 2023.
• Growth Trend & Context:
  • YoY contraction in April-May (-15.41%, -9.6%) reversed sharply in June (+50.13% YoY), suggesting possible inventory restocking.
  • Key Volatility: April imports rose 9.39% MoM before dropping -12.81% in May, reflecting uneven demand.

Argentina - Vietnam Trade Balance & Market Dynamics

• Net Position: Argentina holds a trade surplus of $341.7M (Exports $752.62M > Imports $410.92M).
• Relationship Status: Strong net exporter role, though volatile monthly trade flows indicate sensitivity to external demand shifts. June’s import rebound warrants monitoring for sustained rebalancing.

Argentina Import Trend from Vietnam 2023 Q2 (Source: yTrade)**

Argentina Export Trend to Vietnam 2023 Q2 (Source: yTrade)**

Get Historical Argentina Vietnam Trade Records

Argentina-Vietnam Top Trading Products in Q2 2023

Argentina Export Profile: What Does Argentina Sell to Vietnam

• Top Commodity: Rank #1 export is HS 23 (Residues and waste from the food industries) at 59.56% of total exports to Vietnam.
• Demand Driver: Vietnam uses these for industrial processing, likely as feed inputs for agriculture or manufacturing.
• Concentration: Trade is highly concentrated, with HS 23 and HS 10 (Cereals) together accounting for 95.71% of exports.

Argentina Import Profile: What Does Argentina Buy from Vietnam

• Top Commodity: Rank #1 import is HS 85 (Electrical machinery and equipment) at 73.63% of total imports from Vietnam.
• Dependency Nature: 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 (agricultural byproducts, cereals) and imports high-tech goods (electronics, machinery).
• Value Chain Position: Vietnam holds the higher value-add position, dominating with complex manufactured exports, while Argentina supplies low-margin commodities.

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

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

Check Detailed Argentina-Vietnam Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Argentina’s trade surplus with Vietnam is likely to persist in Q3 2023, driven by sustained Vietnamese demand for agricultural byproducts (HS 23) and cereals (HS 10). However, volatility in monthly export flows signals potential supply chain disruptions or pricing sensitivity, requiring close monitoring. The sharp June rebound in Vietnamese electronics imports (HS 85) suggests a restocking cycle, which may stabilize Argentina’s import volumes. Over the next year, the resource-for-tech exchange model will deepen, but Argentina must address export concentration risks to avoid overreliance on a few commodities.

Strategic Moves

• Lock in Long-Term Supply Contracts: Argentine exporters of HS 23 and HS 10 should secure multi-year agreements with Vietnamese buyers to mitigate price swings and ensure stable revenue streams.
• Diversify Export Basket: Argentina must reduce dependency on agricultural residues by promoting secondary exports like meat (HS 02) or biodiesel (HS 38), leveraging Vietnam’s growing food and energy demand.
• Optimize Tech Procurement: Argentine importers of Vietnamese electronics (HS 85) should negotiate bulk purchase discounts and explore joint ventures to localize high-value component production, reducing import costs.

Traders should act now to capitalize on Vietnam’s industrial growth while hedging against commodity market volatility.

Frequently Asked Questions

How did Argentina - Vietnam trade perform in 2023 Q2?

Argentina exported $752.62M to Vietnam and imported $410.92M, with mixed YoY growth: exports rebounded in June (+7.75%) after declines in April-May, while imports saw a sharp June recovery (+50.13%).

What are the top exports from Argentina to Vietnam?

HS 23 (Residues and waste from the food industries) dominates at 59.56% of exports, followed by HS 10 (Cereals), together accounting for 95.71% of Argentina’s shipments to Vietnam.

What does Argentina import from Vietnam?

HS 85 (Electrical machinery and equipment) is the top import, representing 73.63% of Argentina’s purchases from Vietnam, reflecting a reliance on high-tech goods.

What is the trade balance between Argentina and Vietnam?

Argentina holds a trade surplus of $341.7M (exports > imports), maintaining a strong net exporter role despite volatile monthly trade flows.