Chile - Argentina Trade 2025 Q2: Energy Deficit Widens
Key Market Takeaways: Chile - Argentina Trade
The bilateral trade relationship between Chile and Argentina remains heavily skewed toward imports, with Chile running a significant deficit in Q2 2025.
- Economic Pulse: Chile posted a -$1.51B trade deficit with Argentina, driven by $1.78B in imports (mostly energy) versus $267M in exports (primarily agricultural goods).
- Exchange Structure: The trade statistics reveal a resource-for-resource complementarity: Chile supplies fruits (HS 08) and metals (HS 74), while Argentina dominates with mineral fuels (HS 27) and processed foods.
- Strategic Interdependence: Chile’s energy security hinges on Argentine fuel exports, creating asymmetric dependency despite diversified trade flows.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Chile-Argentina Trade Trend in Q2 2025
Chile Export Performance: Shipments to Argentina
- Total Volume: $267.07M in Q2 2025.
- Growth Trend & Context:
- YoY growth was strong in April (+68.2%) and June (+63.48%), but moderated in May (+22.55%).
- No specific trade news to explain the fluctuations.
- Key Volatility: May saw a -14.45% MoM drop, followed by a 9.63% rebound in June.
Chile Import Performance: Sourcing from Argentina
- Total Volume: $1.78B in Q2 2025.
- Growth Trend & Context:
- Mixed YoY performance: +17.59% in April, -1.75% in May, and +14.47% in June.
- Key Volatility: June imports fell -7.26% MoM, the sharpest decline in the quarter.
Chile - Argentina Trade Balance & Market Dynamics
- Net Position: Chile ran a trade deficit of -$1.51B (Imports exceeded exports).
- Relationship Status: Chile remains heavily dependent on imports from Argentina, with exports dwarfed by inbound shipments.
Chile Import Trend from Argentina 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 606.32M | 0.37% | 17.59% |
| May | 611.23M | 0.81% | -1.75% |
| Jun | 566.84M | -7.26% | 14.47% |
| Total | 1.78B | - | - |
Chile Export Trend to Argentina 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 95.61M | 14.29% | 68.2% |
| May | 81.79M | -14.45% | 22.55% |
| Jun | 89.67M | 9.63% | 63.48% |
| Total | 267.07M | - | - |
Get Historical Chile Argentina Trade Records
Chile-Argentina Top Trading Products in Q2 2025
Chile Export Profile: What Does Chile Sell to Argentina
- Top Commodity: Rank #1 export is HS 08 (Edible fruit and nuts) at 13.89% of total exports to Argentina.
- Demand Driver: Argentina likely imports these for consumer market needs, given the focus on edible goods.
- Concentration: No single category dominates; the top 3 exports (HS 08, 27, 74) combine for 36.63%, indicating diversified trade.
Chile Import Profile: What Does Chile Buy from Argentina
- Top Commodity: Rank #1 import is HS 27 (Mineral fuels, oils) at 42.88% of total imports from Argentina.
- Dependency Nature: Reflects energy security dependency, as Chile relies heavily on Argentine mineral fuels.
Chile - Argentina Trade Relationship Dynamics
- The Exchange Model: Resource-for-Resource Complementarity. Chile exports agricultural products (HS 08) and metals (HS 74), while Argentina supplies energy (HS 27) and food products (HS 10, 15).
- Value Chain Position: Argentina holds a slight edge in value-add, with higher-value exports like mineral fuels (HS 27) and processed foods (HS 15). Chile’s exports skew toward raw materials (fruits, metals).
Import Analysis by Product: Argentina to Chile (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 765.10M | 42.88% |
| 10 | 151.09M | 8.47% |
| 15 | 134.45M | 7.54% |
| 87 | 107.43M | 6.02% |
| 23 | 85.22M | 4.78% |
| 17 | 46.20M | 2.59% |
| 02 | 44.34M | 2.48% |
| 38 | 34.27M | 1.92% |
| 04 | 31.15M | 1.75% |
| 33 | 30.51M | 1.71% |
Export Analysis by Product: Chile to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 08 | 37.09M | 13.89% |
| 27 | 31.89M | 11.94% |
| 74 | 28.85M | 10.80% |
| 39 | 15.92M | 5.96% |
| 03 | 13.99M | 5.24% |
| 84 | 13.35M | 5.00% |
| 73 | 11.16M | 4.18% |
| 20 | 9.95M | 3.73% |
| 87 | 8.48M | 3.18% |
| 85 | 8.25M | 3.09% |
Check Detailed Chile-Argentina Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Chile’s trade with Argentina is expected to remain volatile in Q3 2025, with exports likely to sustain growth due to strong demand for agricultural products (HS 08) and metals (HS 74). However, the persistent trade deficit (-$1.51B) signals ongoing dependency on Argentine energy imports (HS 27), which may expose Chile to supply chain risks if Argentina’s export policies shift. Traders should anticipate moderate import cost pressures, particularly in mineral fuels, while export opportunities in edible fruits could expand further if consumer demand in Argentina holds steady.
Strategic Moves
- Diversify Energy Suppliers: Reduce reliance on Argentine mineral fuels (HS 27) by securing alternative sources or investing in domestic energy infrastructure to mitigate supply shocks.
- Boost High-Value Exports: Shift focus from raw materials (HS 08, 74) to processed goods by leveraging Chile’s agro-industrial capabilities, targeting Argentina’s demand for premium food products.
- Lock In Long-Term Contracts: For critical imports like mineral fuels, negotiate fixed-price agreements to hedge against potential price volatility and ensure stable supply flows.
Frequently Asked Questions
How did Chile - Argentina trade perform in 2025 Q2?
Chile's exports to Argentina totaled $267.07M, showing strong YoY growth in April and June. Imports from Argentina reached $1.78B, with mixed YoY performance and a sharp MoM decline in June.
What are the top exports from Chile to Argentina?
Chile's top exports to Argentina include HS 08 (Edible fruit and nuts), HS 27 (Mineral fuels, oils), and HS 74 (Metals), combining for 36.63% of total exports.
What does Chile import from Argentina?
Chile primarily imports HS 27 (Mineral fuels, oils) from Argentina, accounting for 42.88% of total imports, reflecting energy security dependency.
What is the trade balance between Chile and Argentina?
Chile recorded a trade deficit of -$1.51B with Argentina in Q2 2025, as imports significantly exceeded exports.
Chile - Argentina Trade 2025 Q1: Deficit & Resource Exchange
Chile's trade deficit with Argentina hits $1.65B in Q1 2025, driven by mineral fuel imports. Explore Chile-Argentina trade trends and top trading products via yTrade data.
Chile Atlantic Salmon HS030214 Export Data 2025 April Overview
Chile's Atlantic Salmon (HS Code 030214) exports in April 2025 show Brazil dominates volume (83%) at 0.93 USD/kg, while U.S. and Mexico offer premium prices (2.27-2.87 USD/kg). Data via yTrade.
