Brazil - Argentina Trade 2024 Q4: Strong Growth & Volatility
Key Market Takeaways: Brazil - Argentina Trade
The bilateral trade relationship between Brazil and Argentina shows strong growth with notable volatility in Q4 2024.
- Economic Pulse: Brazil posted a narrow $120M trade surplus ($4.12B exports vs. $4.00B imports), with December exports surging 55.24% YoY amid sharp monthly swings.
- Exchange Structure: Brazil - Argentina trade statistics reveal deep intra-industry trade, dominated by vehicles (HS 87) on both sides—39.19% of Brazil’s exports and 48.80% of imports—highlighting automotive supply chain integration.
- Strategic Interdependence: The near-balanced trade and shared focus on high-value goods (vehicles, machinery) signal mutual dependency with slight Brazilian upstream advantages in raw materials like steel (HS 72).
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Brazil-Argentina Trade Trend in Q4 2024
Brazil Export Performance: Shipments to Argentina
- Total Volume: Brazil exported $4.12B worth of goods to Argentina in Q4 2024.
- Growth Trend & Context: Exports showed strong YoY growth, peaking in December with a 55.24% surge. November saw a sharp MoM drop (-17.85%), but December rebounded modestly (+1.69%). No specific trade news explains these fluctuations.
- Key Volatility: November’s -17.85% MoM decline was the sharpest contraction, while December’s 55.24% YoY jump marked the highest annual growth.
Brazil Import Performance: Sourcing from Argentina
- Total Volume: Brazil imported $4.00B from Argentina in Q4 2024.
- Growth Trend & Context: Imports grew robustly YoY, led by December’s 40.39% spike. November posted a -16.45% MoM drop, though October had a strong 30.52% YoY gain. No external events were cited to contextualize these shifts.
- Key Volatility: November’s -16.45% MoM slump was the steepest monthly decline, while December’s 40.39% YoY rise was the standout performance.
Brazil - Argentina Trade Balance & Market Dynamics
- Net Position: Brazil recorded a narrow trade surplus of $120M (Exports: $4.12B vs. Imports: $4.00B).
- Relationship Status: The near-balanced trade suggests mutual dependency, with Brazil maintaining a slight edge as a net exporter. Volatility in both directions highlights sensitivity to unobserved market factors.
Brazil Import Trend from Argentina 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 1.48B | 12.45% | 30.52% |
| Nov | 1.23B | -16.45% | 24.99% |
| Dec | 1.29B | 4.22% | 40.39% |
| Total | 4.00B | - | - |
Brazil Export Trend to Argentina 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 1.55B | 6.73% | 23.2% |
| Nov | 1.27B | -17.85% | 30.8% |
| Dec | 1.30B | 1.69% | 55.24% |
| Total | 4.12B | - | - |
Get Historical Brazil Argentina Trade Records
Brazil-Argentina Top Trading Products in Q4 2024
Brazil Export Profile: What Does Brazil Sell to Argentina
- Top Commodity: Vehicles (HS 87) dominate exports, accounting for 39.19% of total value.
- Demand Driver: Argentina relies on Brazilian vehicles for its consumer market and industrial needs.
- Concentration: The trade is moderately concentrated, with HS 87 holding a 39% share, but other categories like machinery (HS 84, 10.58%) and plastics (HS 39, 5.31%) diversify the mix.
Brazil Import Profile: What Does Brazil Buy from Argentina
- Top Commodity: Vehicles (HS 87) also lead imports, making up 48.80% of total value.
- Dependency Nature: Brazil imports vehicles from Argentina, suggesting intra-industry trade rather than dependency. Agricultural products (HS 10, 8.41%) and minerals (HS 27, 5.83%) indicate supplementary resource flows.
Brazil - Argentina Trade Relationship Dynamics
- The Exchange Model: Intra-Industry Trade dominates, with vehicles (HS 87) being both the top export and import. This reflects deep supply chain integration in the automotive sector.
- Value Chain Position: Both countries trade similar high-value categories (vehicles, machinery), suggesting balanced value-add positions. Brazil’s additional exports of steel (HS 72) and plastics (HS 39) hint at slight upstream advantages in raw materials.
Import Analysis by Product: Argentina to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 1.95B | 48.80% |
| 10 | 336.45M | 8.41% |
| 27 | 233.10M | 5.83% |
| 04 | 179.19M | 4.48% |
| 11 | 159.30M | 3.98% |
| 39 | 143.93M | 3.60% |
| 84 | 128.97M | 3.23% |
| 76 | 92.27M | 2.31% |
| 20 | 87.65M | 2.19% |
| 08 | 71.07M | 1.78% |
Export Analysis by Product: Brazil to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 1.61B | 39.19% |
| 84 | 436.00M | 10.58% |
| 39 | 218.87M | 5.31% |
| 85 | 195.78M | 4.75% |
| 72 | 156.52M | 3.80% |
| 26 | 117.27M | 2.85% |
| 40 | 115.91M | 2.81% |
| 48 | 104.62M | 2.54% |
| 18 | 89.80M | 2.18% |
| 38 | 84.54M | 2.05% |
Check Detailed Brazil-Argentina Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Brazil’s trade with Argentina is poised for steady growth in 2025, driven by deepening automotive supply chain integration and resilient demand for vehicles (HS 87). The strong YoY rebound in December 2024 signals underlying momentum, though monthly volatility suggests traders should prepare for short-term fluctuations. With both countries heavily engaged in intra-industry trade, Brazil’s slight surplus ($120M) indicates balanced interdependence, but exporters must monitor Argentina’s economic stability to mitigate risks. The Brazil-Argentina trade forecast remains positive, supported by mutual reliance on high-value manufacturing sectors.
Strategic Moves
- Diversify Export Mix Beyond Vehicles: While HS 87 dominates, Brazilian exporters should expand machinery (HS 84) and plastics (HS 39) shipments to reduce overreliance on automotive trade and capture emerging demand.
- Strengthen Just-in-Time (JIT) Logistics: Given intra-industry trade volatility, automotive firms must optimize cross-border supply chains to minimize disruptions from monthly swings in order volumes.
- Lock In Long-Term Contracts for Steel (HS 72): Brazil’s upstream advantage in raw materials like steel presents an opportunity to secure stable pricing with Argentine manufacturers, hedging against input cost fluctuations.
Frequently Asked Questions
How did Brazil - Argentina trade perform in 2024 Q4?
Brazil exported $4.12B to Argentina and imported $4.00B, with strong YoY growth in December (exports: +55.24%, imports: +40.39%) but sharp MoM drops in November.
What are the top exports from Brazil to Argentina?
Vehicles (HS 87) dominate, accounting for 39.19% of exports, followed by machinery (HS 84, 10.58%) and plastics (HS 39, 5.31%).
What does Brazil import from Argentina?
Vehicles (HS 87) are also the top import (48.80%), alongside agricultural products (HS 10, 8.41%) and minerals (HS 27, 5.83%).
What is the trade balance between Brazil and Argentina?
Brazil recorded a narrow surplus of $120M, reflecting near-balanced trade with slight export dominance.
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