In 2024, Argentina's total trade amounted to $140.5B, ranking it 45th globally.
Exports totaled $79.7B, with the top category, 'Commodities not specified according to kind', accounting for $24.8B (31.2%).
Imports reached $60.8B, led by 'Machinery and mechanical appliances' at $9.7B, which is 15.9% of total imports.
The country achieved a positive trade balance of $18.9B for the year.
Brazil was the top export partner, receiving $13.6B (17.1%) of exports, and also the top import partner, supplying $14.3B (23.6%) of imports.
Key export commodities after the top category include 'Cereals' ($9.5B) and 'Food industries, residues and wastes thereof' ($7.0B).
Argentina's Trade Performance in 2024
In 2024, Argentina's international trade portfolio showed total exports of $79.7B and imports of $60.8B, leading to a total trade volume of $140.5B. This performance ranked Argentina 41st in the world for exports and 47th for imports. The nation's trade resulted in a substantial surplus of $18.9B. The primary trading partners for the year were Brazil and the United States, playing crucial roles in both export and import activities.
The leading category for Argentina's exports was 'Commodities not specified according to kind' (HS2 99), valued at $24.8B, representing 31.2% of the country's total exports. For imports, the most significant product category was 'Machinery and mechanical appliances' (HS2 84), with a total import value of $9.7B, or 15.9% of all inbound goods.
Argentina's top export destination in 2024 was Brazil, which received $13.6B (17.1%) of its goods. Following were the United States with $6.5B and Chile with $6.3B. On the import side, Brazil was the largest supplier at $14.3B (23.6%), followed closely by China, which provided $11.7B (19.2%) of Argentina's total imports.