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Trade between Argentina and India

In 2024, Argentina exported $3.9 billion to India and imported $1.3 billion. Argentina ran a surplus of $2.6 billion with India, compared with a surplus of $1.4 billion in 2019. India was Argentina’s 5th largest trading partner (4% of its trade), and Argentina was India’s 41st (0.5%).

Summary

Argentina → India
$3.9billion
India → Argentina
$1.3billion
Argentina’s balance
$2.6billion

Balance

Argentina’s trade balance with India

Trade between Argentina and India grew 21.1-fold since 1995

USD billions (current). Argentina’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 3.9
  • Imports 1.3
  • Balance +2.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$175 million$70 million$105 million
1996$237 million$99 million$138 million
1997$210 million$156 million$54 million
1998$474 million$163 million$312 million
1999$439 million$131 million$309 million
2000$521 million$166 million$354 million
2001$505 million$175 million$330 million
2002$483 million$100 million$384 million
2003$589 million$161 million$428 million
2004$601 million$173 million$427 million
2005$735 million$229 million$506 million
2006$945 million$339 million$606 million
2007$861 million$404 million$456 million
2008$874 million$539 million$335 million
2009$664 million$395 million$268 million
2010$1.3 billion$589 million$716 million
2011$1 billion$660 million$387 million
2012$1.2 billion$676 million$560 million
2013$1.1 billion$882 million$242 million
2014$1.9 billion$681 million$1.2 billion
2015$2.1 billion$729 million$1.3 billion
2016$2.3 billion$696 million$1.6 billion
2017$2.2 billion$839 million$1.4 billion
2018$1.7 billion$875 million$799 million
2019$2.2 billion$814 million$1.4 billion
2020$2.6 billion$814 million$1.7 billion
2021$4.1 billion$1.4 billion$2.7 billion
2022$4.3 billion$1.8 billion$2.5 billion
2023$2.7 billion$1.4 billion$1.3 billion
2024$3.9 billion$1.3 billion$2.6 billion

What they sell each other

What Argentina sells to India

The top 10 headings in 2024, with their share of the total.

  1. Soybean oil$2.9 billion · 74.3%
    3.1 million tonnes · Argentina’s destinations
  2. Gold$474 million · 12.3%
    15 tonnes · Argentina’s destinations
  3. 349 thousand tonnes
  4. Tanned cattle hides$37 million · 0.96%
    7 thousand tonnes
  5. Petroleum coke and bitumen$25 million · 0.64%
    99 thousand tonnes
  6. Logs$22 million · 0.57%
    168 thousand tonnes
  7. Barley$22 million · 0.57%
    68 thousand tonnes
  8. Natural gas and LPG$15 million · 0.38%
    21 thousand tonnes
  9. Turpentine and pine oil$7 million · 0.19%
    4 thousand tonnes
  10. Seamless steel pipes$5 million · 0.14%
    381 tonnes

What India sells to Argentina

The top 10 headings in 2024, with their share of the total.

  1. 1 thousand tonnes
  2. Refined petroleum$97 million · 7.4%
    116 thousand tonnes · India’s destinations
  3. Diesel engines$93 million · 7.2%
    7 thousand tonnes
  4. Motorcycles$88 million · 6.8%
    7 thousand tonnes · India’s destinations
  5. 617 tonnes
  6. Sulfonamides$56 million · 4.3%
    1 thousand tonnes
  7. Pesticides and herbicides$32 million · 2.5%
    3 thousand tonnes
  8. 607 tonnes
  9. Auto parts$25 million · 1.9%
    3 thousand tonnes · India’s destinations
  10. Ferroalloys$24 million · 1.9%
    17 thousand tonnes · India’s destinations

How it travels

Estimated sea route from Buenos Aires to Nhava Sheva (Mumbai).

The estimated sea route between Buenos Aires and Nhava Sheva (Mumbai) is 8,460 nautical miles (15,668 km) long: ≈ 19.5–25 days at sea (at 18 and 14 knots).

Passages it crosses: Cape of Good Hope.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$4.4 billion · 84.2%
  2. Air$818 million · 15.8%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

India was Argentina’s 5th largest trading partner (4% of its trade), and Argentina was India’s 41st (0.5%).

India in Argentina’s trade
3.8%
India’s rank among Argentina’s partners
5th
Argentina in India’s trade
0.5%
Argentina’s rank among India’s partners
41st

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.