What is the value of US trade with Argentina?
Updates published annually
$9.82 billion in imports and $16.5 billion in exports in 2024. That means that the US exported $6.64 billion more to Argentina than we imported from it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$9.82B
Value of imports from Argentina to the US (2024)
$16.5B
Value of exports from the US to Argentina (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks Argentina as the US’ 40th top trading partner: In 2024, the US traded $26.3 billion in goods and services with Argentina. Countries with similar trade values include Peru ($26.8B) and South Africa ($26.3B).
In 2024, the US traded $26.3 billion in goods and services with Argentina.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US has had a trade surplus with Argentina every year from 2003 through 2024. The 2024 surplus was $6.64 billion, a decrease from 2023's surplus of $9.66 billion.
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The trade surplus with Argentina increased to $6.64B in 2024.
Annual trade balance with Argentina, not adjusted for inflation
In 2024, 73.6% of imports from Argentina to the US were goods. The largest category was industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic), accounting for $3.11 billion. The top three imports were industrial supplies and materials, food, feeds, and beverages, and nonmonetary gold (gold purchased by individuals or businesses as investments or gold used in manufacturing processes, like for jewelry). These categories accounted for $6.02 billion of total imports.
The other 26.4% were services, with travel being the largest service category. Travel (money leaving the US by Americans spending on things like lodging, meals, transportation, and entertainment abroad) accounted for $875 million.
Industrial supplies and materials made up 31.7% of US imports from Argentina in 2024.
US imports from Argentina by category (2024)
In 2024, more US exports to Argentina were goods — 55.2%. The largest export was industrial supplies and materials, which accounted for a value of $3.74 billion. The top three exports were industrial supplies and materials, capital goods (tools used for the production process, like machinery and equipment), and consumer goods. These categories accounted for $8.4 billion of exports to Argentina.
The other 44.8% were services, with travel being the largest service category. Travel (money entering the US from foreign visitors on expenses like lodging, meals, transportation, and entertainment) accounted for $2.49 billion.
Industrial supplies and materials made up 22.7% of US exports to Argentina in 2024.
US exports to Argentina by category (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
