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Strategic Lens

India and Argentina

First country

Second country

In 2025, India sold USD 1.09 billion of goods to Argentina and bought USD 5.23 billion from it. The DESTA database lists 2 trade agreements that include both countries, the most recent being India MERCOSUR (2009). Both are members of the G20. Their agreement score in UN General Assembly voting was 81 percent in 2023, and 84 percent on average over 2019 to 2023. In 2025, India sold USD 39.6 million of electrical and electronic equipment to Argentina.

Benefits

  • BothTwo-way trade in goods grew 126 percent, from USD 2.80 billion in 2019 to USD 6.32 billion in 2025.
  • BothTwo-way trade in mineral fuels and oils grew 158 percent, from USD 127 million in 2019 to USD 328 million in 2025.
  • BothTwo-way trade in agricultural and food products grew 126 percent, from USD 1.87 billion in 2019 to USD 4.24 billion in 2025.

Constraints

  • BothFlows are one-sided: in 2025, Argentina sold USD 5.23 billion of goods, against USD 1.09 billion the other way.
  • BothFlows are one-sided: in 2025, Argentina sold USD 4.23 billion of agricultural and food products, against USD 11.5 million the other way.
  • BothFlows are one-sided: in 2025, India sold USD 327 million of machinery, vehicles and iron and steel, against USD 4.5 million the other way.

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 6.32 billion
2025, as reported by India
India to Argentina
USD 1.09 billion
2025, as reported by India
Argentina to India
USD 5.23 billion
2025, as reported by India

What connects India and Argentina

Economy

Trade in goodsIn 2025, India sold USD 1.09 billion of goods to Argentina and bought USD 5.23 billion from it.

Resources

EnergyIn 2025, India sold USD 239 million of mineral fuels and oils to Argentina and bought USD 88.6 million from it.Agriculture and foodIn 2025, India sold USD 11.5 million of agricultural and food products to Argentina and bought USD 4.23 billion from it.

Industry

Supply chains and manufacturingIn 2025, India sold USD 327 million of machinery, vehicles and iron and steel to Argentina and bought USD 4.5 million from it.TechnologyIn 2025, India sold USD 39.6 million of electrical and electronic equipment to Argentina.Pharma and healthIn 2025, India sold USD 24.0 million of pharmaceutical products to Argentina and bought USD 1.2 million from it.

Diplomacy

Agreements and treatiesThe DESTA database lists 2 trade agreements that include both countries, the most recent being India MERCOSUR (2009).Multilateral alignmentBoth are members of the G20. Their agreement score in UN General Assembly voting was 81 percent in 2023, and 84 percent on average over 2019 to 2023.

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