Argentina - Vietnam Trade 2024 Whole Year: Surplus & Tech Exchange
Key Market Takeaways: Argentina - Vietnam Trade
The bilateral trade relationship between Argentina and Vietnam surged with volatile growth in 2024, driven by Argentina's dominant export position.
- Economic Pulse: Argentina holds a $2.5B trade surplus ($3.28B exports vs. $778.28M imports), with exports spiking early in the year before stabilizing.
- Exchange Structure: Argentina - Vietnam trade statistics reveal a resource-for-tech dynamic—Argentina ships agricultural byproducts (HS 23, 10) for Vietnam’s high-value electronics (HS 85).
- Strategic Interdependence: Highly complementary but imbalanced, with Vietnam capturing higher value-add in the exchange.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Vietnam Trade Trend in Whole Year 2024
Argentina Export Performance: Shipments to Vietnam
- Total Volume: $3.28B in 2024.
- Growth Trend & Context:
- Explosive YoY growth in early 2024 (e.g., March: +256.55%), tapering to moderate gains by mid-year (June: -22.35%) before rebounding in Q4 (December: +137.15%).
- No specific trade news to explain volatility.
- Key Volatility: March saw the highest MoM surge (+57.01%), while June recorded the sharpest drop (-25.26%).
Argentina Import Performance: Sourcing from Vietnam
- Total Volume: $778.28M in 2024.
- Growth Trend & Context:
- Steep YoY declines in H1 (e.g., March: -80.85%), shifting to recovery in H2 (October: +7.38%, November: +52.69%).
- Key Volatility: July had the highest MoM jump (+84.1%), while August posted the steepest fall (-34.14%).
Argentina - Vietnam Trade Balance & Market Dynamics
- Net Position: Argentina holds a trade surplus of $2.5B ($3.28B exports vs. $778.28M imports).
- Relationship Status: Dominant net exporter, with exports exceeding imports by over 4x, indicating strong demand for Argentine goods in Vietnam.
Argentina Import Trend from Vietnam 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 40.65M | -20.0% | -69.26% |
| Feb | 32.47M | -20.12% | -72.95% |
| Mar | 26.36M | -18.83% | -80.85% |
| Apr | 30.31M | 14.99% | -79.87% |
| May | 55.78M | 84.04% | -57.51% |
| Jun | 47.95M | -14.03% | -62.84% |
| Jul | 88.28M | 84.1% | -38.23% |
| Aug | 58.14M | -34.14% | -46.22% |
| Sep | 92.13M | 58.46% | -12.95% |
| Oct | 123.99M | 34.58% | 7.38% |
| Nov | 105.79M | -14.68% | 52.69% |
| Dec | 76.42M | -27.76% | 50.4% |
| Total | 778.28M | - | - |
Argentina Export Trend to Vietnam 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 149.78M | 33.38% | 75.8% |
| Feb | 204.35M | 36.43% | 99.54% |
| Mar | 320.84M | 57.01% | 256.55% |
| Apr | 333.83M | 4.05% | 35.59% |
| May | 303.48M | -9.09% | 41.6% |
| Jun | 226.81M | -25.26% | -22.35% |
| Jul | 351.82M | 55.12% | 25.79% |
| Aug | 267.95M | -23.84% | 5.28% |
| Sep | 326.41M | 21.82% | 50.12% |
| Oct | 281.70M | -13.7% | 186.27% |
| Nov | 248.35M | -11.84% | 146.8% |
| Dec | 266.30M | 7.23% | 137.15% |
| Total | 3.28B | - | - |
Get Historical Argentina Vietnam Trade Records
Argentina-Vietnam Top Trading Products in Whole Year 2024
Argentina Export Profile: What Does Argentina Sell to Vietnam
- Top Commodity: HS Code 23 (Residues and waste from the food industries) dominates at 49.70% of exports.
- Demand Driver: Vietnam uses these for industrial processing, likely as feed or raw material inputs.
- Concentration: The top two HS codes (23 and 10, cereals) account for 92.07% of exports, indicating extreme reliance on agricultural commodities.
Argentina Import Profile: What Does Argentina Buy from Vietnam
- Top Commodity: HS Code 85 (Electrical machinery and equipment) leads with 52.08% of imports.
- 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 low-value agricultural byproducts (HS 23, 10) in exchange for Vietnam’s high-tech goods (HS 85, 84).
- Value Chain Position: Vietnam holds the higher value-add position, with complex exports (electronics, machinery) versus Argentina’s bulk commodities.
Import Analysis by Product: Vietnam to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 405.30M | 52.08% |
| 64 | 183.07M | 23.52% |
| 84 | 74.26M | 9.54% |
| 62 | 21.49M | 2.76% |
| 61 | 15.52M | 1.99% |
| 40 | 9.34M | 1.20% |
| 95 | 9.10M | 1.17% |
| 90 | 8.35M | 1.07% |
| 39 | 5.89M | 0.76% |
| 59 | 5.34M | 0.69% |
Export Analysis by Product: Argentina to Vietnam (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 1.63B | 49.70% |
| 10 | 1.39B | 42.37% |
| 99 | 99.83M | 3.04% |
| 41 | 41.25M | 1.26% |
| 52 | 37.04M | 1.13% |
| 03 | 22.68M | 0.69% |
| 02 | 19.93M | 0.61% |
| 44 | 12.23M | 0.37% |
| 05 | 9.43M | 0.29% |
| 30 | 7.37M | 0.22% |
Check Detailed Argentina-Vietnam Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade surplus with Vietnam is expected to widen further in 2025, driven by sustained demand for agricultural commodities (HS 23, 10) and Vietnam’s growing reliance on raw material imports. However, volatility in monthly trade flows—particularly in Argentina’s exports—calls for caution, as supply chain disruptions or shifts in Vietnamese industrial demand could trigger abrupt swings. The resource-for-tech exchange model will likely deepen, but Argentina must address its overreliance on low-value exports to avoid long-term vulnerability.
Strategic Moves
- Lock in Supply Contracts: Argentine exporters of agricultural residues (HS 23) and cereals (HS 10) should secure multi-year agreements with Vietnamese buyers to stabilize revenue amid price fluctuations.
- Diversify Import Sources: Argentine manufacturers dependent on Vietnamese electronics (HS 85) must explore alternative suppliers in Southeast Asia to mitigate supply chain risks.
- Invest in Value-Add Processing: Argentina should prioritize upgrading its agro-industrial capacity to export higher-margin processed goods, reducing dependence on bulk commodity sales.
Frequently Asked Questions
How did Argentina - Vietnam trade perform in 2024 Whole Year?
Argentina exported $3.28B to Vietnam, with volatile growth (e.g., +256.55% in March), while imports from Vietnam totaled $778.28M, showing recovery in H2 after steep H1 declines.
What are the top exports from Argentina to Vietnam?
Argentina’s top exports to Vietnam are HS Code 23 (Residues and waste from food industries) and HS Code 10 (cereals), accounting for 92.07% of total exports.
What does Argentina import from Vietnam?
Argentina primarily imports HS Code 85 (Electrical machinery and equipment) from Vietnam, making up 52.08% of total imports.
What is the trade balance between Argentina and Vietnam?
Argentina holds a trade surplus of $2.5B with Vietnam, as exports ($3.28B) exceed imports ($778.28M) by over 4x.
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.
Argentina - Vietnam Trade 2024 Q1: Surplus Soars
Argentina's trade surplus with Vietnam hit $575.49M in Q1 2024, driven by booming cereal exports. Explore Argentina Vietnam trade trends and top trading products via yTrade data.
