Argentina - Vietnam Trade 2023 Q3: Resource-for-Tech Surplus
Key Market Takeaways: Argentina - Vietnam Trade
The bilateral trade relationship between Argentina and Vietnam shows a strong trade surplus for Argentina amid mixed growth trends in Q3 2023.
- Economic Pulse: Argentina maintains a $394.77M trade surplus, with exports ($751.64M) more than double imports ($356.87M), despite declining export growth (-14.27% YoY in Sep).
- Exchange Structure: Argentina - Vietnam trade statistics reveal a resource-for-tech dynamic—Argentina supplies bulk commodities (cereals, food waste) while importing high-value electronics and machinery from Vietnam.
- Strategic Interdependence: The partnership is highly complementary, with Vietnam dominating high-value exports and Argentina leveraging raw material advantages.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Vietnam Trade Trend in Q3 2023
Argentina Export Performance: Shipments to Vietnam
- Total Volume: $751.64M in Q3 2023.
- Growth Trend & Context:
- Sustained YoY decline: -19.28% (Jul), -16.77% (Aug), -14.27% (Sep). No news to explain the contraction.
- Key Volatility: Sharpest MoM drop in September (-14.57%).
Argentina Import Performance: Sourcing from Vietnam
- Total Volume: $356.87M in Q3 2023.
- Growth Trend & Context:
- Mixed YoY growth: +111.44% (Jul), +21.15% (Aug), +23.66% (Sep). No news to contextualize the surge.
- Key Volatility: July peaked at $142.92M (+10.74% MoM), followed by a -24.35% drop in August.
Argentina - Vietnam Trade Balance & Market Dynamics
- Net Position: Trade surplus of $394.77M (Exports $751.64M vs. Imports $356.87M).
- Relationship Status: Argentina maintains a strong net exporter role, with exports more than double imports.
Argentina Import Trend from Vietnam 2023 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 142.92M | 10.74% | 111.44% |
| Aug | 108.12M | -24.35% | 21.15% |
| Sep | 105.84M | -2.11% | 23.66% |
| Total | 356.87M | - | - |
Argentina Export Trend to Vietnam 2023 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 279.69M | -4.25% | -19.28% |
| Aug | 254.52M | -9.0% | -16.77% |
| Sep | 217.43M | -14.57% | -14.27% |
| Total | 751.64M | - | - |
Get Historical Argentina Vietnam Trade Records
Argentina-Vietnam Top Trading Products in Q3 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) at 47.62% 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 Code 10 (Cereals) at 47.22% and HS Code 23 together accounting for 94.84% of exports.
Argentina Import Profile: What Does Argentina Buy from Vietnam
- Top Commodity: Rank #1 import is HS Code 85 (Electrical machinery and equipment) at 68.66% 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 (cereals, food waste) while importing high-tech goods (electronics, machinery).
- Value Chain Position: Vietnam holds the higher value-add position, dominating complex exports (electronics, machinery), while Argentina supplies low-value bulk commodities.
Import Analysis by Product: Vietnam to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 245.02M | 68.66% |
| 64 | 43.80M | 12.27% |
| 84 | 34.04M | 9.54% |
| 62 | 5.09M | 1.43% |
| 40 | 3.72M | 1.04% |
| 61 | 3.41M | 0.95% |
| 39 | 3.24M | 0.91% |
| 90 | 2.66M | 0.75% |
| 73 | 2.11M | 0.59% |
| 95 | 2.03M | 0.57% |
Export Analysis by Product: Argentina to Vietnam (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 357.90M | 47.62% |
| 10 | 354.89M | 47.22% |
| 99 | 10.19M | 1.36% |
| 41 | 7.93M | 1.05% |
| 03 | 5.12M | 0.68% |
| 07 | 4.33M | 0.58% |
| 02 | 2.90M | 0.39% |
| 52 | 2.36M | 0.31% |
| 30 | 2.25M | 0.30% |
| 44 | 1.85M | 0.25% |
Check Detailed Argentina-Vietnam Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade surplus with Vietnam is expected to narrow in Q4 2023, driven by persistent export declines (-14% to -19% YoY) and Vietnam’s accelerating import growth (+21% to +111% YoY). The resource-for-tech complementarity will hold, but Argentina’s overreliance on bulk commodities (94.8% of exports) leaves it vulnerable to price volatility. Without diversification, Vietnam’s dominance in high-value electronics (68.7% of imports) will widen the trade imbalance.
Strategic Moves
- Lock in Agri-Supply Contracts: Argentine exporters of cereals (HS 10) and food waste (HS 23) must secure long-term contracts with Vietnamese buyers to stabilize revenue amid falling demand.
- Diversify Tech Imports: Reduce dependency on Vietnamese electronics (HS 85) by sourcing machinery from alternative ASEAN markets like Thailand or Malaysia to mitigate supply chain risks.
- Monitor Currency Shifts: With Argentina’s peso volatility, traders should hedge forex exposure, especially for high-value tech imports where payment terms are critical.
Frequently Asked Questions
How did Argentina - Vietnam trade perform in 2023 Q3?
Argentina's exports to Vietnam declined YoY (-19.28% in July, -16.77% in August, -14.27% in September), totaling $751.64M. Imports from Vietnam surged (+111.44% in July, +21.15% in August, +23.66% in September), reaching $356.87M.
What are the top exports from Argentina to Vietnam?
Argentina primarily exports HS Code 23 (Residues and waste from food industries, 47.62%) and HS Code 10 (Cereals, 47.22%) to Vietnam, together accounting for 94.84% of total exports.
What does Argentina import from Vietnam?
Argentina's top import from Vietnam is HS Code 85 (Electrical machinery and equipment, 68.66% of total imports), reflecting a reliance on high-tech goods.
What is the trade balance between Argentina and Vietnam?
Argentina recorded a trade surplus of $394.77M in Q3 2023, with exports ($751.64M) more than double imports ($356.87M).
Argentina - Vietnam Trade 2023 Q2: Surplus & Tech Trade
Argentina's $341.7M trade surplus with Vietnam in Q2 2023 highlights a resource-for-tech exchange. Explore Argentina Vietnam trade trends and top trading products via yTrade data.
Argentina - Vietnam Trade 2023 Q4: Resource-for-Tech Surplus
Argentina's $75.75M trade surplus with Vietnam in Q4 2023 highlights a resource-for-tech exchange, with agricultural exports and electronics imports. Explore Argentina Vietnam trade trends and top trading products via yTrade.
