Argentina - Vietnam Trade 2024 Q3: $707.63M Surge
Key Market Takeaways: Argentina - Vietnam Trade
The bilateral trade relationship between Argentina and Vietnam shows strong export growth and asymmetric reliance in Q3 2024.
- Argentina dominates with a $707.63M surplus, driven by $946.18M in exports (+25.79% YoY peak) versus $238.55M in imports (steep YoY declines).
- Argentina - Vietnam trade statistics reveal a resource-for-tech exchange: Argentina supplies food waste (49.69% of exports) while importing Vietnamese electronics (53.96% of imports).
- Complementary but imbalanced: Vietnam holds higher value-add in machinery, while Argentina’s exports remain commodity-concentrated (top 2 categories = 93.16%).
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Vietnam Trade Trend in Q3 2024
Argentina Export Performance: Shipments to Vietnam
- Total Volume: $946.18M in Q3 2024.
- Growth Trend & Context:
- Strong YoY growth (+25.79% in July, +50.12% in September), indicating sustained demand despite August’s moderation (+5.28% YoY).
- No specific trade news to contextualize the trend.
- Key Volatility: August saw a -23.84% MoM drop, but September rebounded with +21.82% MoM growth.
Argentina Import Performance: Sourcing from Vietnam
- Total Volume: $238.55M in Q3 2024.
- Growth Trend & Context:
- Steep YoY declines (-38.23% in July, -46.22% in August) before moderating in September (-12.95% YoY).
- Key Volatility: July spiked +84.1% MoM, but August plunged -34.14% MoM.
Argentina - Vietnam Trade Balance & Market Dynamics
- Net Position: Argentina holds a trade surplus of $707.63M (Exports: $946.18M vs. Imports: $238.55M).
- Relationship Status: Dominant net exporter, with exports nearly 4x imports, reflecting asymmetric trade reliance.
Argentina Import Trend from Vietnam 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 88.28M | 84.1% | -38.23% |
| Aug | 58.14M | -34.14% | -46.22% |
| Sep | 92.13M | 58.46% | -12.95% |
| Total | 238.55M | - | - |
Argentina Export Trend to Vietnam 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 351.82M | 55.12% | 25.79% |
| Aug | 267.95M | -23.84% | 5.28% |
| Sep | 326.41M | 21.82% | 50.12% |
| Total | 946.18M | - | - |
Get Historical Argentina Vietnam Trade Records
Argentina-Vietnam Top Trading Products in Q3 2024
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 49.69% 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 the top two categories (HS 23 and 10) making up 93.16% 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 53.96% 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 (food waste, grains) while importing high-tech goods (electronics, machinery).
- Value Chain Position: Vietnam holds the higher value-add position, dominating complex exports (HS 85, 84) versus Argentina’s commodity-heavy shipments.
Import Analysis by Product: Vietnam to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 128.72M | 53.96% |
| 64 | 57.03M | 23.91% |
| 84 | 21.27M | 8.91% |
| 62 | 6.58M | 2.76% |
| 31 | 3.46M | 1.45% |
| 61 | 3.25M | 1.36% |
| 95 | 2.76M | 1.16% |
| 40 | 2.40M | 1.00% |
| 90 | 2.37M | 0.99% |
| 42 | 1.33M | 0.56% |
Export Analysis by Product: Argentina to Vietnam (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 470.12M | 49.69% |
| 10 | 411.30M | 43.47% |
| 99 | 23.54M | 2.49% |
| 41 | 12.30M | 1.30% |
| 52 | 6.70M | 0.71% |
| 03 | 5.30M | 0.56% |
| 02 | 5.09M | 0.54% |
| 44 | 4.41M | 0.47% |
| 30 | 2.15M | 0.23% |
| 05 | 2.03M | 0.21% |
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 Q4 2024, driven by sustained demand for agricultural residues (HS 23) and grains (HS 10). The rebound in September exports (+21.82% MoM) signals resilience despite August’s dip, suggesting supply chain adjustments rather than a demand slowdown. However, Vietnam’s declining imports from Argentina (-12.95% YoY in September) may prompt Vietnamese buyers to seek alternative suppliers, making long-term contract stability critical. The resource-for-tech exchange will remain dominant, but Argentina must address import volatility in high-value electronics (HS 85) to avoid overreliance.
Strategic Moves
- Lock in Feedstock Contracts: Argentine exporters of HS 23 should secure multi-year agreements with Vietnamese processors to stabilize revenue amid fluctuating monthly volumes.
- Diversify Tech Imports: Argentine importers must reduce dependency on Vietnamese electronics (HS 85) by exploring suppliers in South Korea or Taiwan to mitigate sudden price spikes.
- Push for Trade Facilitation: Both governments should fast-track customs digitization to smooth out August-like export drops, which hurt Argentina’s MoM performance (-23.84%).
Frequently Asked Questions
How did Argentina - Vietnam trade perform in 2024 Q3?
Argentina exported $946.18M to Vietnam, showing strong YoY growth, while imports from Vietnam totaled $238.55M, with steep YoY declines.
What are the top exports from Argentina to Vietnam?
The top export is HS Code 23 (Residues and waste from the food industries), accounting for 49.69% of total exports.
What does Argentina import from Vietnam?
The top import is HS Code 85 (Electrical machinery and equipment), representing 53.96% of total imports.
What is the trade balance between Argentina and Vietnam?
Argentina holds a trade surplus of $707.63M, with exports nearly 4x higher than imports.
Argentina - Vietnam Trade 2024 Q2: Widening Surplus
Argentina's trade surplus with Vietnam hit $730M in Q2 2024, driven by resource-for-tech exchanges. Explore Argentina Vietnam trade trends and top trading products via yTrade data.
Argentina - Vietnam Trade 2024 Q4: Surplus & Growth
Argentina's trade surplus with Vietnam hit $490.15M in Q4 2024, driven by 186.27% export growth. Explore Argentina Vietnam trade trends and top trading products via yTrade data.
