Year over year, the overall value of Argentina’s exports accelerated by 19.5% compared to $66.7 billion in 2023.
Argentina is a relatively small player in international trade, responsible for about 0.3% of global export sales for all countries.
Argentina’s trading partners are relatively concentrated. The top 5 customers for Argentinian exports in 2024 were Brazil, United States of America, Chile, mainland China and India. Combined, that quintet of major importers for Argentinian products generated well over two-fifths (45.5%) of Argentina’s total export sales during 2024.
Applying a continental lens, well over one third (38.2%) of Argentina’s exports by value was delivered to Latin America excluding Mexico but including the Caribbean countries while 31% was sold to importers in Asia.
Argentina shipped another 14.2% worth of goods to customers in Europe. Smaller percentages went to buyers in North America (10.7%), Africa (5.1%) ahead of Oceania (0.8%) Australia, New Zealand and Fiji.
Argentina’s Top Trading Partners
The list below showcases 25 of Argentina’s top trading partners, countries that imported the most Argentine shipments by dollar value during 2024. Also shown is each import country’s percentage of total Argentine exports.
- Brazil: US$13.6 billion (17.1% of Argentina’s total exports)
- United States: $6.5 billion (8.1%)
- Chile: $6.3 billion (7.9%)
- mainland China: $6 billion (7.5%)
- India: $3.9 billion (4.9%)
- Vietnam: $3.3 billion (4.1%)
- Peru: $2.5 billion (3.1%)
- Uruguay: $1.8 billion (2.2%)
- Switzerland: $1.7 billion (2.1%)
- Netherlands: $1.69 billion (2.1%)
- Saudi Arabia: $1.49 billion (1.9%)
- Spain: $1.45 billion (1.8%)
- Paraguay: $1.44 billion (1.8%)
- Malaysia: $1.38 billion (1.7%)
- Indonesia: $1.34 billion (1.7%)
- South Korea: $1.2 billion (1.5%)
- Canada: $1.1 billion (1.4%)
- Italy: $1.1 billion (1.4%)
- Algeria: $1 billion (1.3%)
- Colombia: $835.3 million (1%)
- Germany: $810 million (1%)
- Mexico: $791.7 million (1%)
- Poland: $759.4 million (1%)
- Ecuador: $688.2 million (0.9%)
- Bangladesh: $687.7 million (0.9%)
Almost four-fifths (79.4%) of Argentina’s exports in 2024 was delivered to the above 25 trade partners.
Poland (up 106.4%) and Saudi Arabia (up 103.2%) posted the strongest advances in their purchases from Argentina from 2023 to 2024. Other leading gainers were India (up 60.5%), Ecuador (also up 60.5%) and Vietnam (up 56.7%).
Recording declines were buyers of Argentine exports based in Colombia (down -34.8% from 2024), Mexico (down -5.6%) and Peru (down -2.4%).
Countries Causing Greatest Trade Deficits for Argentina
As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.
It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners. Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports.
Argentina incurred the highest trade deficits with the following countries.
- mainland China: -US$5.7 billion (country-specific trade deficit in 2024)
- Paraguay: -$1.9 billion
- Germany: -$1.8 billion
- Thailand: -$1.4 billion
- Japan: -$938.2 million
- Brazil: -$738.8 million
- Mexico: -$630.8 million
- France: -$593.1 million
- Bolivia: -$322.1 million
- Hungary: -$288.5 million
Among Argentina’s trading partners that cause the greatest negative trade balances, Argentinian deficits with Japan (up 66.5%) and Hungary (up 2.7%) grew from 2023 to 2024.
These cashflow deficiencies clearly indicate Argentina’s competitive disadvantages with the above countries, but also represent key opportunities for Argentina to develop country-specific strategies to strengthen its overall position in international trade.
Countries Resulting In Greatest Trade Surpluses for Argentina
Argentina earned an overall US$18.9 billion trade surplus for 2024, reversing a -$7 billion deficit one year earlier in 2023.
Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.
Argentina incurred the highest trade surpluses with the following countries.
- Chile: US$5.6 billion (country-specific trade surplus in 2024)
- India: $2.6 billion
- Vietnam: $2.5 billion
- Peru: $2.2 billion
- Saudi Arabia: $1.4 billion
- Netherlands: $1.31 billion
- Malaysia: $1.15 billion
- Switzerland: $1.12 billion
- Indonesia: $1 billion
- Uruguay: $964.6 million
Among Argentina’s trading partners that generate the greatest positive trade balances, Argentinian surpluses with Vietnam (up 257.6%), Saudi Arabia (up 203.4%) and India (up 159.1%) grew at the fastest pace from 2023 to 2024.
These positive cashflow streams clearly indicate Argentina’s competitive advantages with the above countries, but also represent key opportunities for Argentina to develop country-specific strategies to optimize its overall position in international trade.
Companies Servicing Argentina’s Trading Partners
Not one of Argentina’s corporations ranks among Forbes Global 2000.
Wikipedia lists smaller-scale exporters from Argentina. Selected examples are shown below.
- Al Este (wine)
- Aluar (aluminum)
- Bridas Corporation (oil, gas)
- Bunge Limited (grains, oilseed)
- Grupo Arcor (chocolates, cookies, ice cream)
- La Serenísima (dairy products)
- Loma Negra (cement)
- SanCor (dairy products)
- Transportadora de Gas del Sur (natural gas)
- Zanella (motorcycles)
See also Argentina’s Top 10 Exports, Argentina’s Top 10 Imports and Top South American Export Countries
Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles, Central Intelligence Agency. Accessed on September 15, 2025
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on September 15, 2025
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on September 15, 2025
Investopedia, Net Importer Definition. Accessed on September 15, 2025
Wikipedia, List of Companies of Argentina. Accessed on September 15, 2025