Argentina - Vietnam Trade 2024 Q4: Surplus & Growth
Key Market Takeaways: Argentina - Vietnam Trade
The bilateral trade relationship between Argentina and Vietnam surged in 2024 Q4, with Argentina solidifying its net exporter dominance.
- Economic Pulse: Argentina posted a $490.15M trade surplus ($796.36M exports vs. $306.21M imports), driven by triple-digit YoY export growth (up to 186.27%).
- Exchange Structure: Argentina - Vietnam trade statistics reveal a resource-for-tech complementarity: Argentina supplies food waste (57.39% of exports) and cereals, while Vietnam dominates with electronics (63.00% of imports).
- Strategic Interdependence: Highly asymmetric value chains—Vietnam captures higher-value manufacturing, while Argentina leverages commodity strengths.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Vietnam Trade Trend in Q4 2024
Argentina Export Performance: Shipments to Vietnam
- Total Volume: $796.36M in Q4 2024.
- Growth Trend & Context:
- YoY growth remained exceptionally strong, ranging from 137.15% (Dec) to 186.27% (Oct), indicating sustained demand or expanded trade channels.
- No specific news to explain the surge, but consistent triple-digit growth suggests structural shifts in trade relations.
- Key Volatility: December saw a 7.23% MoM rebound after two consecutive monthly declines (-13.7% in Oct, -11.84% in Nov).
Argentina Import Performance: Sourcing from Vietnam
- Total Volume: $306.21M in Q4 2024.
- Growth Trend & Context:
- YoY growth was robust but decelerated from 52.69% (Nov) to 50.4% (Dec), following a sharp 7.38% rise in October.
- No news to contextualize the decline in MoM figures.
- Key Volatility: Imports plummeted -27.76% MoM in December, the steepest drop in the quarter, after a -14.68% contraction in November.
Argentina - Vietnam Trade Balance & Market Dynamics
- Net Position: Argentina holds a trade surplus of $490.15M ($796.36M exports - $306.21M imports).
- Relationship Status: Net exporter dominance, with exports to Vietnam more than double imports. The widening surplus highlights Argentina’s strengthening export capacity or Vietnam’s rising dependency on Argentine goods.
Argentina Import Trend from Vietnam 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 123.99M | 34.58% | 7.38% |
| Nov | 105.79M | -14.68% | 52.69% |
| Dec | 76.42M | -27.76% | 50.4% |
| Total | 306.21M | - | - |
Argentina Export Trend to Vietnam 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 281.70M | -13.7% | 186.27% |
| Nov | 248.35M | -11.84% | 146.8% |
| Dec | 266.30M | 7.23% | 137.15% |
| Total | 796.36M | - | - |
Get Historical Argentina Vietnam Trade Records
Argentina-Vietnam Top Trading Products in Q4 2024
Argentina Export Profile: What Does Argentina Sell to Vietnam
- Top Commodity: Rank #1 export is HS Code 23 (Food industry residues/wastes), accounting for 57.39% of total exports to Vietnam.
- Demand Driver: Vietnam uses these for industrial processing, likely as feedstock for agriculture or biofuels.
- Concentration: Trade is highly concentrated, with HS Code 23 and HS Code 10 (Cereals) together making up 93.51% of exports.
Argentina Import Profile: What Does Argentina Buy from Vietnam
- Top Commodity: Rank #1 import is HS Code 85 (Electrical machinery/equipment), dominating at 63.00% of imports.
- Dependency Nature: Reflects critical technology dependency, as Vietnam supplies high-value electronics essential for Argentina’s industrial and consumer sectors.
Argentina - Vietnam Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw materials (food waste, cereals) and imports high-tech goods (electronics, machinery).
- Value Chain Position: Vietnam holds the higher value-add position, with complex exports (HS 85, 84) versus Argentina’s commodity-heavy shipments (HS 23, 10).
Import Analysis by Product: Vietnam to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 192.90M | 63.00% |
| 64 | 50.47M | 16.48% |
| 84 | 27.95M | 9.13% |
| 62 | 5.10M | 1.67% |
| 95 | 3.80M | 1.24% |
| 90 | 3.64M | 1.19% |
| 61 | 3.42M | 1.12% |
| 40 | 2.74M | 0.89% |
| 59 | 1.87M | 0.61% |
| 42 | 1.76M | 0.57% |
Export Analysis by Product: Argentina to Vietnam (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 457.07M | 57.39% |
| 10 | 287.61M | 36.12% |
| 99 | 12.75M | 1.60% |
| 52 | 10.80M | 1.36% |
| 41 | 9.47M | 1.19% |
| 02 | 6.65M | 0.84% |
| 44 | 2.97M | 0.37% |
| 29 | 2.83M | 0.36% |
| 03 | 2.09M | 0.26% |
| 05 | 2.01M | 0.25% |
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 its commodity exports (HS 23, 10) and Vietnam’s growing reliance on raw materials for industrial processing. However, the sharp MoM decline in imports from Vietnam (-27.76% in December) signals potential supply chain disruptions or shifting procurement strategies, which could temper bilateral trade growth. Exporters should anticipate continued volatility in monthly figures but capitalize on the structural complementarity—Argentina’s resource exports for Vietnam’s high-tech goods—to secure long-term gains.
Strategic Moves
- Lock in Long-Term Supply Contracts: Argentine exporters of food waste (HS 23) and cereals (HS 10) should negotiate multi-year agreements with Vietnamese buyers to stabilize revenue streams amid fluctuating demand.
- Diversify Import Sources for Critical Tech: Argentine importers reliant on Vietnamese electronics (HS 85) must identify alternative suppliers in Southeast Asia to mitigate risks from sudden import contractions.
- Invest in Trade Infrastructure: Both governments should prioritize logistics upgrades (e.g., port efficiency, customs digitization) to reduce bottlenecks and sustain the current triple-digit export growth trajectory.
Frequently Asked Questions
How did Argentina - Vietnam trade perform in 2024 Q4?
Argentina's exports to Vietnam surged with triple-digit YoY growth (137.15% to 186.27%), totaling $796.36M, while imports from Vietnam grew robustly but decelerated to $306.21M.
What are the top exports from Argentina to Vietnam?
Argentina's top exports to Vietnam are HS Code 23 (Food industry residues/wastes) and HS Code 10 (Cereals), together accounting for 93.51% of total exports.
What does Argentina import from Vietnam?
Argentina primarily imports HS Code 85 (Electrical machinery/equipment) from Vietnam, making up 63.00% of total imports, reflecting a dependency on high-tech goods.
What is the trade balance between Argentina and Vietnam?
Argentina holds a trade surplus of $490.15M with Vietnam, driven by exports more than double imports, indicating a widening surplus.
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