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Strategic Lens

Argentina and Mexico

First country

Second country

In 2025, Argentina sold USD 657 million of goods to Mexico and bought USD 1.72 billion from it. The DESTA database lists 6 trade agreements that include both countries, the most recent being MERCOSUR Mexico Auto Agreement (2003). Both are members of the G20 and Mercosur. Their agreement score in UN General Assembly voting was 91 percent in 2023, and 92 percent on average over 2019 to 2023. In 2025, Mexico sold USD 41.8 million of fertilisers to Argentina.

Benefits

  • BothTwo-way trade in agricultural and food products grew 82 percent, from USD 139 million in 2019 to USD 253 million in 2025.
  • BothTwo-way trade in fertilisers grew about 6.3 times, from USD 6.6 million in 2019 to USD 41.8 million in 2025.
  • BothTwo-way trade in machinery, vehicles and iron and steel grew 69 percent, from USD 645 million in 2019 to USD 1.09 billion in 2025.

Constraints

  • BothThe two countries' customs reports differ on goods sold by Mexico to Argentina in 2025: Argentina reports USD 1.72 billion and Mexico reports USD 1.17 billion.
  • BothFlows are one-sided: in 2025, Argentina sold USD 227 million of agricultural and food products, against USD 26.1 million the other way.
  • BothFlows are one-sided: in 2025, Mexico sold USD 41.8 million of fertilisers, and Argentina sold almost none.

Sources: UN Comtrade (public preview API), annual goods trade, HS classification (retrieved 26 September 2026); DESTA: Design of Trade Agreements database, version 02_03 (retrieved 25 September 2026); Wikidata, statements on membership (property P463) (retrieved 26 September 2026); United Nations General Assembly voting data (Voeten, Strezhnev and Bailey), agreement scores (retrieved 25 September 2026)

Last updated on 26 September 2026

At a glance

Goods trade, both ways
USD 2.38 billion
2025, as reported by Argentina
Argentina to Mexico
USD 657 million
2025, as reported by Argentina
Mexico to Argentina
USD 1.72 billion
2025, as reported by Argentina

What connects Argentina and Mexico

Economy

Trade in goodsIn 2025, Argentina sold USD 657 million of goods to Mexico and bought USD 1.72 billion from it.

Resources

Agriculture and foodIn 2025, Argentina sold USD 227 million of agricultural and food products to Mexico and bought USD 26.1 million from it.FertiliserIn 2025, Mexico sold USD 41.8 million of fertilisers to Argentina.

Industry

Supply chains and manufacturingIn 2025, Argentina sold USD 112 million of machinery, vehicles and iron and steel to Mexico and bought USD 979 million from it.TechnologyIn 2025, Argentina sold USD 12.9 million of electrical and electronic equipment to Mexico and bought USD 177 million from it.Pharma and healthIn 2025, Argentina sold USD 39.3 million of pharmaceutical products to Mexico and bought USD 19.3 million from it.

Diplomacy

Agreements and treatiesThe DESTA database lists 6 trade agreements that include both countries, the most recent being MERCOSUR Mexico Auto Agreement (2003).Multilateral alignmentBoth are members of the G20 and Mercosur. Their agreement score in UN General Assembly voting was 91 percent in 2023, and 92 percent on average over 2019 to 2023.Diaspora and mobilityIn 2024, 21 thousand people born in Argentina lived in Mexico, and 6 thousand people born in Mexico lived in Argentina.

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