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27 September 2024
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Key Indicators
- 23,816,604
- 59,512
- Export Trading Partners243
- 133,177,254
- 75,550
- Import Trading Partners244
Overview
Argentina: Balancing Trade Opportunities and Challenges
Nestled in South America, Argentina boasts a rich cultural heritage and a diverse economic landscape. As of 2024, it ranked 27 globally in terms of GDP. Argentina's trade dynamics are influenced by its geographical location and infrastructure, presenting a nuanced picture.
Introduction:
Argentina's import market is crucial for supplementing its diverse economic sectors, including agriculture, manufacturing, and technology. These sectors require a steady flow of imported goods such as machinery, electronics, and medical supplies to meet local demands and sustain industrial growth, offering ample opportunities for global exporters.
Economic Overview:
As one of South America's largest economies, Argentina has a complex economic structure with significant contributions from agriculture, industry, and services. While the country faces economic challenges, imports play a vital role in its GDP, particularly in supporting technological and industrial advancements. Efforts towards economic stabilization and diversification influence import needs, particularly in technology and renewable energy sectors.
Political and Regulatory Environment:
Argentina's political environment is dynamic, with frequent changes that can affect import regulations and economic policies. Recent government initiatives aim to enhance trade agreements and improve fiscal policies to stabilize the economy and attract foreign trade.
Opportunities and Challenges for Exporters:
Exporters can find opportunities in Argentina’s growing demand for advanced machinery, pharmaceuticals, and tech products. However, they may face challenges such as fluctuating import duties and complex customs procedures that impact market entry and operational costs.
Positives:
1. Agricultural Powerhouse: Renowned for its fertile plains, Argentina is a major exporter of agricultural products, including soybeans, beef, and wine, contributing significantly to its trade revenue.
2. Mercosur Membership: As a member of the Southern Common Market 2024, Argentina benefits from regional economic integration, fostering trade partnerships with neighboring countries.
3. Natural Resources: Abundant in minerals and energy resources, Argentina has export potential in sectors like mining and renewable energy.
Negatives:
1. Economic Volatility: Periodic economic challenges and currency fluctuations impact trade stability, requiring businesses to navigate uncertainties in the market.
2. Infrastructure Gaps: While Argentina has developed infrastructure, there are challenges in transportation and logistics, affecting the efficiency of trade operations.
3. Regulatory Complexities: Bureaucratic hurdles and complex regulations can pose challenges for businesses, influencing the ease of doing business in the country.
Argentina import export data, including buyer and supplier names, is available on the Volza Platform.
Argentina import export data, including buyer and supplier names, is available on the Volza Platform.
Imports:
In June 2023, Argentina ranked 36th in global imports, with imports valued at 37.97 billion, representing a -16% growth from June 2022.From June 2023 to June 2024, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.
In 2024, imports totaled 37.97 billion, marking a -53% YOY growth from 2023. Sources of these imports were Brazil, China, USA, Paraguay, Germany, Italy, Thailand, Viet Nam, India, Mexico. Imported products were Machinery and equipment, Mineral fuels and oils, Vehicles and Parts other than railway or tramway. Suppliers were CORVEN MOTORS, FORD ARGENTINA SCA, and INDUSTRIAS JOHN DEERE ARGENTINA S A. Importers in Argentina were Brazil: 25.4%, China: 17.5%, and USA: 11.8%.
Top 10 Import Products:
- Automobiles (HS code: 8703) - Essential for transport and industry.
- Petroleum (HS code: 2709) - Critical for energy supply.
- Medicaments (HS code: 3004) - Healthcare sector needs.
- Mobile Phones (HS code: 8517) - Consumer electronics demand.
- Computers (HS code: 8471) - IT and business infrastructure.
- Industrial Machinery (HS code: 8429) - Key for manufacturing growth.
- Electrical Equipment (HS code: 8536) - Infrastructure development.
- Plastic Articles (HS code: 3926) - Wide-ranging industrial uses.
- Organic Chemicals (HS code: 2902) - Pharmaceutical and agricultural production.
- Steel Products (HS code: 7204) - Construction and engineering.
Top Buyers from Argentina:
CORVEN MOTORS ARGENTINA SA, ENERGIAS RENOVABLES LAS LOMAS SAU, CINTATEX SA
Solution for Global Exporters:
Global exporters should utilize Volza’s online import data for Argentina to efficiently navigate the market, identify opportunities, and tailor strategies to meet local demands. Volza’s tools offer real-time insights into Argentina’s import trends, helping exporters optimize their entry and growth in this dynamic market. Access Volza for strategic market analysis and to capitalize on emerging opportunities.
Import Database - Factsheet
Data Source- One side data
- Data Available From
- 01, Jan, 2015
Data Coverage- 100%
Last Shipment- 30, Jun, 2024
Source : Volza Import Data
Argentina
Import Data
Import Data
133,177,254 Bill of Ladings, 75,550 Buyers & 59,512 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Reach out to the Argentina Import market Identify verified and active business partners in Argentina
Argentina Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
370908 EPIC.PLANETARY GEAR Z23 M3 - TRAN | 30-04-2024 | ||
HT/071D10M1200/66/04/24 HT/071D10M1200/6 | 30-04-2024 | ||
GREEN CARD NO.21262 DT:12/01/2024 VALID |   India | 30-04-2024 | |
207069- ASSEMBLE DUCKBILL VALVE 3V | India | 30-04-2024 | |
MACHINERY FOR MAKING PULP OF FIBROUS CEL | 30-04-2024 | ||
124 CTNS DOUBLE BLOOD BAG | 30-04-2024 |
Top 10 Importers
Argentina Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Argentina. To assist you in identifying the leading importers in Argentina, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Argentina are companies like CORVEN MOTORS, FORD ARGENTINA SCA , and INDUSTRIAS JOHN DEERE ARGENTINA S A. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Argentina Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 24,707 | |
2 | 18,793 | |
3 | 15,387 | |
4 | 14,475 | |
5 | 13,666 | |
6 | 12,314 | |
7 | 11,068 | |
8 | 9,045 | |
9 | 7,080 | |
10 | 5,752 |
Data Source : Volza Import Data
Top 9 Import Products
Argentina Top 9 Import Products
As the Argentina import data reveals, the nation's top import products for 2024 were prominently characterized by:- Used Steel: 29.77%
- Cotton Thread: 19.33%
- Automobile Component: 14.79%
- Polyester Filament Yarn: 12.48%
- Steel Washer: 9.83%
- Wheelers Component: 7.69%
- Iron Ring: 6.09%
- Methyl Carbamate: 0.01%
- Piston Sampler: 0.00%
Argentina Top 9 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | Used Steel | 8,269,020 |
2 | COTTON THREAD | 5,369,940 |
3 | Automobile Component | 4,108,511 |
4 | POLYESTER FILAMENT YARN | 3,465,750 |
5 | Steel Washer | 2,731,123 |
6 | WHEELERS COMPONENT | 2,137,048 |
7 | IRON RING | 1,691,360 |
8 | Methyl Carbamate | 1,893 |
9 | Piston Sampler | 154 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Argentina
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Argentina Top 1 Import Trading Partners
Argentina trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 645,618).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Argentina had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Argentina import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Argentina’s major imports from India include Used Steel, Automobile Component, COTTON THREAD, WHEELERS COMPONENT, Steel Washer, IRON RING, POLYESTER FILAMENT YARN, Methyl Carbamate, Piston Sampler, products. The provided chart below breaks down the values in percentile of Argentina’s top 1 import partners for 2024.
Argentina Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Argentina Import Data Sample record
Argentina import data covers all important shipping details that are essential for businesses to find importers in Argentina, analyze market trends and identify potential industries. Argentina trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Argentina import data sample with complete number of fields available in data.
Argentina Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 84834000
- Quantity:
- 400
- Quantity Unit:
- PCS
- Value FC:
- 3,300
- Value:
- HS Descirption:
- Transmission shafts (including cam shafts and crank shafts) and cranks; Bearings housings and plain shaft bearings; Gears and gearing; Ball or roller screws; Gear boxes and other speed changers, including torque converters; Flywheels and pulleys, includin
- Exporter:
- CARRARO INDIA PVT LTD
- Importer:
- CARRARO ARGENTINA S A
Data Source : Volza Import Data
Argentina Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Argentina Top 10 Import Ports
Argentina's global import trade operates through over 10 ports. Buenos Aires stands as the predominant port, handling 590,466 import shipments, which constitutes a 92.98% market share. San Pedro follows with an 2.09% share, accounting for 13,249 shipments, while Rosario contributes a 1.84% market share with its 11,656 shipments. For detailed import trade statistics of each port in Argentina, refer to the provided links below. Collectively, these ports underscore the integrated nature of Argentina's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Argentina.
Argentina Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Argentina
- 133,177,254
- Date
- 30-04-2024
- Shipper Name
- CARRARO ARGENTINA S A
- Consignee Name
- CARRARO INDIA PVT LTD
- Weight Unit
- PCS
- Quantity
- 400
- Shipment Origin
- India
- Port of origin
- Jnpt