Argentina - Vietnam Trade 2023 Q4: Resource-for-Tech Surplus
Key Market Takeaways: Argentina - Vietnam Trade
The bilateral trade relationship between Argentina and Vietnam showed volatility but maintained a net exporter role for Argentina in Q4 2023.
- Economic Pulse: Argentina held a $75.75M trade surplus with Vietnam ($311.32M exports vs. $235.57M imports), though exports halved YoY amid sharp monthly swings.
- Exchange Structure: Argentina - Vietnam trade statistics reveal a resource-for-tech complementarity—Argentina supplies agricultural byproducts (47% HS 23) while Vietnam dominates high-value electronics (58% HS 85).
- Strategic Interdependence: The relationship is highly complementary but imbalanced, with Vietnam capturing higher value-add in manufacturing.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Vietnam Trade Trend in Q4 2023
Argentina Export Performance: Shipments to Vietnam
- Total Volume: $311.32M in Q4 2023.
- Growth Trend & Context:
- YoY declines persisted across all months, ranging from -50.32% (Dec) to -59.86% (Nov).
- Key Volatility: December saw the highest MoM rebound (+11.59%) after a modest November uptick (+2.26%).
Argentina Import Performance: Sourcing from Vietnam
- Total Volume: $235.57M in Q4 2023.
- Growth Trend & Context:
- YoY swings were extreme: +42.02% in October, then -16.98% (Nov) and -32.81% (Dec).
- Key Volatility: October’s imports spiked 9.1% MoM before collapsing -40% in November.
Argentina - Vietnam Trade Balance & Market Dynamics
- Net Position: Argentina held a $75.75M trade surplus with Vietnam (Exports: $311.32M > Imports: $235.57M).
- Relationship Status: Despite volatile monthly flows, Argentina maintained a net exporter role, though export values halved YoY.
Argentina Import Trend from Vietnam 2023 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 115.47M | 9.1% | 42.02% |
| Nov | 69.28M | -40.0% | -16.98% |
| Dec | 50.81M | -26.66% | -32.81% |
| Total | 235.57M | - | - |
Argentina Export Trend to Vietnam 2023 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 98.40M | -54.74% | -58.38% |
| Nov | 100.63M | 2.26% | -59.86% |
| Dec | 112.29M | 11.59% | -50.32% |
| Total | 311.32M | - | - |
Get Historical Argentina Vietnam Trade Records
Argentina-Vietnam Top Trading Products in Q4 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 47.00% of total exports to Vietnam.
- Demand Driver: Vietnam uses these for industrial processing, likely as feed or raw material for its agricultural and manufacturing sectors.
- Concentration: Trade is highly concentrated, with the top 3 exports (HS 23, 10, 99) accounting for 89.34% of total exports.
Argentina Import Profile: What Does Argentina Buy from Vietnam
- Top Commodity: Rank #1 import is HS Code 85 (Electrical machinery and equipment) at 58.17% of total imports from Vietnam.
- Dependency Nature: Critical technology dependency, as Vietnam supplies high-value electronics and machinery essential for Argentina's industrial and consumer sectors.
Argentina - Vietnam Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports low-value agricultural byproducts (HS 23, 10) and imports high-tech machinery (HS 85) from Vietnam.
- Value Chain Position: Vietnam holds the higher value-add position, dominating complex exports (electronics, machinery), while Argentina supplies raw materials.
Import Analysis by Product: Vietnam to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 137.02M | 58.17% |
| 64 | 43.30M | 18.38% |
| 84 | 26.74M | 11.35% |
| 62 | 5.69M | 2.41% |
| 40 | 3.57M | 1.51% |
| 61 | 3.00M | 1.27% |
| 95 | 2.41M | 1.02% |
| 73 | 1.62M | 0.69% |
| 96 | 1.59M | 0.67% |
| 90 | 1.45M | 0.61% |
Export Analysis by Product: Argentina to Vietnam (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 146.33M | 47.00% |
| 10 | 72.16M | 23.18% |
| 99 | 59.66M | 19.16% |
| 52 | 10.07M | 3.23% |
| 41 | 7.91M | 2.54% |
| 02 | 3.42M | 1.10% |
| 07 | 2.78M | 0.89% |
| 30 | 2.72M | 0.87% |
| 03 | 2.24M | 0.72% |
| 05 | 1.91M | 0.61% |
Check Detailed Argentina-Vietnam Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade surplus with Vietnam is likely to narrow in 2024 as export declines persist and Vietnam strengthens its position in high-value tech exports. The extreme volatility in import flows suggests supply chain disruptions or shifting demand, which may continue to pressure bilateral trade stability. However, the resource-for-tech complementarity between the two economies provides a foundation for recovery if Argentina can secure stable demand for its agricultural byproducts. Traders should prepare for a year of recalibration, with potential upside if Vietnam’s industrial sector rebounds.
Strategic Moves
- Diversify Export Markets for Agricultural Byproducts: Argentina’s heavy reliance on Vietnam for HS Code 23 (food industry residues) leaves it vulnerable to demand shocks. Exporters must explore new buyers in Southeast Asia to mitigate concentration risk.
- Lock in Long-Term Tech Supply Contracts: Given Vietnam’s dominance in electrical machinery (HS 85), Argentine importers should negotiate multi-year agreements to stabilize pricing and ensure consistent access to critical components.
- Monitor Vietnam’s Industrial Policy Shifts: Vietnam’s push for higher-value manufacturing could alter import demand for raw materials. Traders must track regulatory changes and adjust sourcing or export strategies accordingly.
Frequently Asked Questions
How did Argentina - Vietnam trade perform in 2023 Q4?
Argentina's exports to Vietnam totaled $311.32M, with persistent YoY declines, while imports from Vietnam reached $235.57M, showing extreme YoY swings.
What are the top exports from Argentina to Vietnam?
Argentina's top exports to Vietnam are HS Code 23 (Residues and waste from the food industries), HS Code 10, and HS Code 99, accounting for 89.34% of total exports.
What does Argentina import from Vietnam?
Argentina primarily imports HS Code 85 (Electrical machinery and equipment) from Vietnam, making up 58.17% of total imports.
What is the trade balance between Argentina and Vietnam?
Argentina held a $75.75M trade surplus with Vietnam in Q4 2023, maintaining its net exporter role despite volatile trade flows.
Argentina - Vietnam Trade 2023 Q3: Resource-for-Tech Surplus
Argentina's $394.77M trade surplus with Vietnam highlights a resource-for-tech dynamic, with cereals and electronics dominating Argentina Vietnam trade trends. Verified by yTrade.
Argentina - Vietnam Trade 2024 Whole Year: Surplus & Tech Exchange
Argentina's $2.5B trade surplus with Vietnam highlights a resource-for-tech dynamic, with agricultural exports meeting high-value electronics. Explore Argentina Vietnam trade trends & top trading products via yTrade data.
