Despite the importance of USA as a destination for Argentine exports, The relative weight of the sales of the South American country in the bilateral trade of its North America pair is lower compared to other partners. For every US $ 10,000 that the United States imports, Argentina exports just US $ 19.34. The President Javier Milei seeks to boost a Free Trade Agreement To push the commercial relationship.
According to a consultant’s report Focus Market, the Argentine sales to US territory equals 0.19% of the total of the imports that that country performs year after year. “Despite this low percentage, the exported volume remains significant, with strategic products such as crude oil, gold, aluminum, gasoline, meat, wines, lithium carbonate and lemons,” the document said.
Damián Di Pace, director of the consultant, said that “with the return of Donald Trump to the White House, reconfiguration is expected in bilateral relations between the two countries.” “In a global context where protectionist policies resurface, the link could experience changes marked by Trump’s commercial vision and the economic reforms promoted by Javier Milei,” he added.
“However, good symphony between both leaders could favor the development of new cooperation opportunities,” said Di Pace.
Economic exchange between Argentina and the US
The economic exchange between Argentina and the United States is based on two main pillars: US investments in strategic sectors, such as energy and industry, and bilateral trade The United States is the main foreign investor in Argentinawith more than U $30,000 million inverted, representing 18% of the total.
According to a report of the Argentine Chamber of Commerce (CAC)in 2024 they grew Exports to the United States marked an increase of 13.2% compared to the previous year.
In 2024, the Exports from Argentina to the United States were US $ 6395 millionwhich implied an increase of 13.2% compared to the previous year. Among the main exported products were raw oil oils (31.2%of the total), excluded gasoline for petrochemicals (3.3%) and non -sparkling wines, grape must (2.9%).
On the other hand, Argentine imports from the United States reached US $ 6163 million, implying a 28.6% reduction compared to 2023. The largest proportion products were liquefied natural gas with 9.6% of the total, followed by OIL gas with 6.2% and acids with 2.7%.
The balance of the trade balance registered a US $ 232 million surplus in 2024, which implied again Positive balance with the United States after 18 years (In 2005 a overlapping balance of 38 million dollars had been achieved).
With the endorsement of Donald Trump, Javier Milei seeks a free trade agreement with the USA
The discussion about the weight of Argentine exports in the Commercial balance with USA arrives at a time when the president Milei seeks to boost a Free trade with the US.
In statements to journalists at the White House, the US president, Donald Trump, He said Monday at a press conference that he would consider signing a free trade agreement with Argentina. In addition, to graph the good relationship between the two, He assured that President Javier Milei is a “great leader.”
This is Trump’s first blunt wink to Javier Milei. Donald Trump’s return to power arouses expectations in the government that showed in its first year of management a foreign automatic alignment policy with the United States.
Apart from the fact that the protectionist guidelines of the brand new president have little to do with the libertarian ideal, the Casa Rosada is excited that the ideological affinity, the follow -up and the commitment that Milei himself did for the Republican brings him revenues.
Source: Ambito
