Chile - Argentina Trade 2023 Whole Year: Deep Import Dependency
Key Market Takeaways: Chile - Argentina Trade
The bilateral trade relationship between Chile and Argentina is marked by a heavy reliance on Argentine imports, with Chile running a significant trade deficit in 2023.
- Economic Pulse: Chile posted a $4.85B trade deficit with Argentina ($5.73B imports vs. $882.11M exports), reflecting deep import dependency. Volatility was high, with sharp YoY drops in key months.
- Exchange Structure: Chile - Argentina trade statistics reveal resource-for-resource complementarity: Chile exports copper and machinery (44.65% of exports), while Argentina supplies energy (34.83% of imports) and agricultural goods.
- Strategic Interdependence: The partnership is asymmetrical but mutually dependent—Chile adds value with processed metals, while Argentina dominates raw material flows.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Chile-Argentina Trade Trend in Whole Year 2023
Chile Export Performance: Shipments to Argentina
- Total Volume: $882.11M in 2023.
- Growth Trend & Context:
- YoY trends were mixed, with notable declines in Jan (-15.82%), Jun (-21.5%), and Dec (-26.23%), offset by spikes in Feb (+26.91%) and Mar (+16.02%).
- No specific trade news or policy changes were reported to explain these fluctuations.
- Key Volatility: Mar saw the highest MoM growth (+47.8%), while Jun recorded the sharpest drop (-39.38%).
Chile Import Performance: Sourcing from Argentina
- Total Volume: $5.73B in 2023.
- Growth Trend & Context:
- YoY performance was predominantly negative, with Feb (-22.16%), Mar (-14.87%), and Sep (-20.21%) showing significant contractions. Nov (+8.51%) and Dec (+7.67%) were exceptions.
- Key Volatility: Aug had the highest MoM surge (+24.19%), while Sep posted the steepest decline (-19.17%).
Chile - Argentina Trade Balance & Market Dynamics
- Net Position: Chile ran a trade deficit of $4.85B (Imports $5.73B > Exports $882.11M).
- Relationship Status: Heavy reliance on Argentine imports, with exports playing a marginal role in bilateral trade.
Chile Import Trend from Argentina 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 389.22M | -13.85% | -0.12% |
| Feb | 411.45M | 5.71% | -22.16% |
| Mar | 482.07M | 17.16% | -14.87% |
| Apr | 436.17M | -9.52% | -1.13% |
| May | 527.53M | 20.95% | -10.11% |
| Jun | 430.94M | -18.31% | -18.32% |
| Jul | 471.60M | 9.44% | 0.0% |
| Aug | 585.67M | 24.19% | -1.53% |
| Sep | 473.40M | -19.17% | -20.21% |
| Oct | 511.77M | 8.11% | -0.11% |
| Nov | 522.36M | 2.07% | 8.51% |
| Dec | 486.42M | -6.88% | 7.67% |
| Total | 5.73B | - | - |
Chile Export Trend to Argentina 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 58.47M | -17.84% | -15.82% |
| Feb | 72.52M | 24.03% | 26.91% |
| Mar | 107.19M | 47.8% | 16.02% |
| Apr | 78.47M | -26.79% | -8.3% |
| May | 99.22M | 26.44% | 15.86% |
| Jun | 60.15M | -39.38% | -21.5% |
| Jul | 70.84M | 17.76% | 0.0% |
| Aug | 81.43M | 14.96% | -5.15% |
| Sep | 58.15M | -28.59% | -22.19% |
| Oct | 83.09M | 42.88% | 2.04% |
| Nov | 60.05M | -27.73% | -8.02% |
| Dec | 52.50M | -12.57% | -26.23% |
| Total | 882.11M | - | - |
Get Historical Chile Argentina Trade Records
Chile-Argentina Top Trading Products in Whole Year 2023
Chile Export Profile: What Does Chile Sell to Argentina
- Top Commodity: Copper (HS 74) dominates exports, accounting for 14.04% of total value.
- Demand Driver: Argentina likely imports Chilean copper for industrial processing, given its use in construction and electronics.
- Concentration: No single category dominates; the top 5 exports (HS 74, 84, 08, 39, 72) represent 44.65%, indicating diversified demand.
Chile Import Profile: What Does Chile Buy from Argentina
- Top Commodity: Mineral fuels (HS 27) lead imports with a 34.83% share, reflecting Argentina’s role as an energy supplier.
- Dependency Nature: Energy security dependency is evident, with oil and gas (HS 27) making up over a third of imports. Agricultural products (HS 10, 23, 04) also feature prominently, suggesting food supply linkages.
Chile - Argentina Trade Relationship Dynamics
- The Exchange Model: Resource-for-Resource Complementarity. Chile exports industrial metals (copper, iron) and machinery, while Argentina supplies energy (oil) and agricultural goods.
- Value Chain Position: Chile holds a slight edge in value-add, exporting processed metals (HS 74, 72) and machinery (HS 84), while Argentina’s exports skew toward raw materials (HS 27, 10). Trade is mutually dependent but asymmetrical in complexity.
Import Analysis by Product: Argentina to Chile (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 2.00B | 34.83% |
| 87 | 611.24M | 10.67% |
| 10 | 490.18M | 8.56% |
| 15 | 444.43M | 7.76% |
| 23 | 364.90M | 6.37% |
| 38 | 157.21M | 2.74% |
| 02 | 155.91M | 2.72% |
| 39 | 113.14M | 1.98% |
| 04 | 111.97M | 1.95% |
| 11 | 108.16M | 1.89% |
Export Analysis by Product: Chile to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 74 | 123.89M | 14.04% |
| 84 | 72.63M | 8.23% |
| 08 | 69.60M | 7.89% |
| 39 | 66.23M | 7.51% |
| 72 | 61.59M | 6.98% |
| 03 | 43.05M | 4.88% |
| 48 | 38.67M | 4.38% |
| 73 | 33.67M | 3.82% |
| 87 | 33.52M | 3.80% |
| 28 | 29.19M | 3.31% |
Check Detailed Chile-Argentina Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Chile’s trade deficit with Argentina is likely to persist in 2024, driven by continued reliance on Argentine energy (HS 27) and agricultural imports. However, copper exports (HS 74) may stabilize if Argentina’s industrial demand rebounds, offering a partial offset. Volatility in monthly trade flows suggests exporters should brace for uneven demand, while importers must monitor Argentina’s energy policy shifts. The Chile-Argentina trade forecast hinges on balancing resource dependency with export diversification.
Strategic Moves
- Diversify Energy Imports: Reduce overreliance on Argentine mineral fuels (HS 27) by exploring alternative suppliers or accelerating domestic renewable energy projects.
- Lock in Copper Contracts: Secure long-term agreements with Argentine industrial buyers to stabilize export revenue amid fluctuating demand.
- Expand Agri-Tech Exports: Leverage Chile’s machinery (HS 84) capabilities to target Argentina’s agricultural sector, creating a higher-value trade corridor.
Frequently Asked Questions
How did Chile - Argentina trade perform in 2023 Whole Year?
Chile's exports to Argentina totaled $882.11M, while imports from Argentina reached $5.73B, resulting in a mixed performance with notable monthly fluctuations but an overall trade deficit for Chile.
What are the top exports from Chile to Argentina?
The top exports include Copper (HS 74), machinery (HS 84), fruits (HS 08), plastics (HS 39), and iron/steel (HS 72), with copper alone accounting for 14.04% of total export value.
What does Chile import from Argentina?
Chile primarily imports Mineral fuels (HS 27), which make up 34.83% of imports, along with agricultural products like cereals (HS 10), animal feed (HS 23), and dairy (HS 04).
What is the trade balance between Chile and Argentina?
Chile recorded a trade deficit of $4.85B with Argentina in 2023, driven by heavy reliance on Argentine energy and agricultural imports. The gap remained significant but showed no clear narrowing trend.
Chile Ammonium Carbonate HS2836 Export Data 2025 September Overview
Chile Ammonium Carbonate (HS Code 2836) export in September 2025 shows China as the premium buyer (58.29% value share) at 9.26 USD/kg, with high market concentration risk. Data from yTrade.
Chile - Argentina Trade 2024 Whole Year: Deficit-Driven Energy Dependence
Chile's 2024 trade with Argentina shows a $6.36B deficit, driven by mineral fuel imports. yTrade data reveals Chile's energy reliance on Argentina, with copper as its top export.
