India and Argentina are pole apart countries and not natural trade partners. However pricing and advancement in certain commodities made them to trade each other. India imports animals, vegetable fats, raw hides and skins while exports vehicles and organic chemicals. India has trade deficit with Argentine worth 1.5 billions US dollars.
Key Points of India Argentina trade balance in 5 years
- Export to Argentina increased by 38.8% in FY 2017-18
- Import from Argentina decreased by 10.9%
- India’s export to Argentina in 5 years is highest in 2017-18 at 708 millions USD.
- India’s import from Argentina is highest in 2017-18 at 2.5 billions USD.
- Trade balance is in favor of Argentina in tune of 1.52 billions USD.
- India’s total export was highest in 2013-14 at 314 billion USD in last 5 years.
- India’s import from Argentina is up and it has been increased by 66.5% since 2013-14
Also Read, India Brazil trade balance analysis for 5 years : 2013- 2018
Top 25 commodity imported from Argentina by India in 2017-18
| Country: Argentina Values in Million $ US | ||||
| S.No. | Commodity | 2016-2017 | 2017-2018 | %Growth |
| 1 | Animal Or Vegetable Fats And Oils And Their Cleavage Products; Pre. Edible Fats; Animal Or Vegetable Waxes. | 2,291.9 | 2,064.7 | -9.9 |
| 2 | Raw Hides And Skins (Other Than Fur skins) And Leather | 42.4 | 42.2 | -0.6 |
| 3 | Cereals. | 31.9 | 38.1 | 19.4 |
| 4 | Organic Chemicals | 16.8 | 25.0 | 48.5 |
| 5 | Edible Vegetables And Certain Roots And Tubers. | 19.9 | 14.7 | -26.2 |
| 6 | Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; Parts Thereof. | 2.4 | 4.4 | 83.5 |
| 7 | Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts And Accessories Thereof. | 0.1 | 4.3 | 5,506.3 |
| 8 | Tanning Or Dyeing Extracts; Tannin And Their Deri. Dyes, Pigments And Other Coloring Matter; Paints And Ver; Putty And Other Mastic; Inks. | 5.2 | 4.2 | -18.8 |
| 9 | Miscellaneous Chemical Products. | 2.6 | 4.0 | 53.2 |
| 10 | Inorganic Chemicals; Organic Or Inorganic Compounds Of Precious Metals, Of Rare-Earth Metals, Or Radi. Elem. Or Of Isotopes. | 1.2 | 3.9 | 224.8 |
| 11 | Optical, Photographic Cinematographic Measuring, Checking Precision, Medical Or Surgical Inst. And Apparatus Parts And Accessories Thereof; | 2.6 | 3.4 | 30.6 |
| 12 | Coffee, Tea, Mate And Spices. | 2.8 | 2.7 | -6.0 |
| 13 | Wool, Fine Or Coarse Animal Hair, Horsehair Yarn And Woven Fabric. | 2.7 | 2.1 | -22.3 |
| 14 | Preparations Of Vegetables, Fruit, Nuts Or Other Parts Of Plants. | 0.7 | 1.4 | 105.8 |
| 15 | Lead And Articles Thereof. | 0.4 | 1.4 | 219.6 |
| 16 | Soap, Organic Surface-Active Agents, Washing Preparations, Lubricating Preparations, Artificial Waxes, Prepared Waxes, Polishing Or Scouring Prep. | 1.3 | 1.3 | -0.4 |
| 17 | Ores, Slag And Ash. | 44.1 | 1.2 | -97.4 |
| 18 | Iron And Steel | 1.3 | 1.1 | -14.0 |
| 19 | Articles Of Iron Or Steel | 0.5 | 1.1 | 138.6 |
| 20 | Pharmaceutical Products | 0.1 | 1.1 | 1,197.8 |
| 21 | Albuminous Substances; Modified Starches; Glues; Enzymes. | 2.2 | 1.0 | -55.6 |
| 22 | Electrical Machinery And Equipment And Parts Thereof; Sound Recorders And Reproducers, Television Image And Sound Recorders And Reproducers,And Parts. | 0.1 | 1.0 | 641.7 |
| 23 | Rubber And Articles Thereof. | 0.2 | 0.8 | 296.6 |
| 24 | Fish And Crustaceans, Molluscs And Other Aquatic Invertebrates. | 0.2 | 0.6 | 169.4 |
| 25 | Edible Fruit And Nuts; Peel Or Citrus Fruit Or Melons. | 0.3 | 0.6 | 130.4 |
Top 25 commodities exported to Argentina by India in 2017-18
| Country: Argentina, Values in Million $ US | ||||
| S.No. | Commodity | 2016-2017 | 2017-2018 | %Growth |
| 1 | Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts And Accessories Thereof. | 102.48 | 141.89 | 38.45 |
| 2 | Organic Chemicals | 66.93 | 94.65 | 41.41 |
| 3 | Miscellaneous Chemical Products. | 33.21 | 59.38 | 78.78 |
| 4 | Iron And Steel | 16.95 | 55.5 | 227.43 |
| 5 | Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; Parts Thereof. | 27.35 | 52.73 | 92.78 |
| 6 | Articles Of Apparel And Clothing Accessories, Not Knitted Or Crocheted. | 30.04 | 30.91 | 2.9 |
| 7 | Man-Made Staple Fibers. | 21.05 | 26.11 | 24.05 |
| 8 | Tanning Or Dyeing Extracts; Tannin . Dyes, Pigments And Other Coloring Matter; Paints And Ver; Putty And Other Mastic; Inks. | 19.09 | 24.14 | 26.47 |
| 9 | Electrical Machinery And Equipment And Parts Thereof; Sound Recorders And Reproducers, Television Image And Sound Recorders And Reproducers,And Parts. | 13.69 | 21.57 | 57.53 |
| 10 | Mineral Fuels, Mineral Oils And Products Of Their Distillation; Bituminous Substances; Mineral Waxes. | 21.29 | 21.52 | 1.12 |
| 11 | Man-Made Filaments. | 16.51 | 19.56 | 18.49 |
| 12 | Plastic And Articles Thereof. | 18.24 | 16.57 | -9.16 |
| 13 | Rubber And Articles Thereof. | 13.18 | 15 | 13.8 |
| 14 | Lac; Gums, Resins And Other Vegetable Saps And Extracts. | 6.1 | 13.2 | 116.3 |
| 15 | Articles Of Iron Or Steel | 5.66 | 9.67 | 70.83 |
| 16 | Optical, Photographic Cinematographic Measuring, Checking Precision, Medical Or Surgical Inst. And Apparatus Parts And Accessories Thereof; | 9.4 | 9.67 | 2.79 |
| 17 | Cotton. | 6.08 | 8.19 | 34.67 |
| 18 | Pharmaceutical Products | 13.25 | 8.08 | -39.03 |
| 19 | Glass And Glassware. | 4.69 | 5.6 | 19.51 |
| 20 | Articles Of Leather,Saddlery And Harness;Travel Goods, Handbags And Similar Cont.Articles Of Animal Gut(Other Than Silk-Worm)Gut. | 3.76 | 5.5 | 46.04 |
| 21 | Footwear, Gaiters And The Like; Parts Of Such Articles. | 6.63 | 5.29 | -20.18 |
| 22 | Ceramic Products. | 7.62 | 5.22 | -31.57 |
| 23 | Coffee, Tea, Mate And Spices. | 3.98 | 4.61 | 15.66 |
| 24 | Other Made Up Textile Articles; Sets; Worn Clothing And Worn Textile Articles; Rags | 3.97 | 4.59 | 15.65 |
| 25 | Carpets And Other Textile Floor Coverings. | 4.11 | 4.44 | 7.84 |
Source Ministry of Commerce and Industry, India