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Strategic Lens

Energy: India and Argentina

First country

Second country

In 2025, India sold USD 239 million of mineral fuels and oils to Argentina and bought USD 88.6 million from it.

Benefits

  • BothTwo-way trade in mineral fuels and oils grew 158 percent, from USD 127 million in 2019 to USD 328 million in 2025.

Sources: UN Comtrade (public preview API), annual goods trade, HS classification (retrieved 26 September 2026)

Last updated on 26 September 2026

The numbers

India's exports to Argentina: mineral fuels and oils

USD million · 2019 to 2025, calendar years, as reported by India

2019: 111Low 111 / High 352.52025: 239.3

2019111
2020219.8
2021352.5
2022293.8
2023167.8
2024245
2025239.3

Sources: UN Comtrade (public preview API), annual goods trade, HS classification (retrieved 26 September 2026)

Data retrieved 26 September 2026

India's imports from Argentina: mineral fuels and oils

USD million · 2019 to 2025, calendar years, as reported by India

2019: 15.9Low 4 / High 88.62025: 88.6

201915.9
20204
202134.8
202243.8
202330.3
202439.3
202588.6

Sources: UN Comtrade (public preview API), annual goods trade, HS classification (retrieved 26 September 2026)

Data retrieved 26 September 2026

More on this relationship

Benefits

  • BothThe memorandum opens a route for Argentine gas to reach India and for joint exploration.

Sources: Wikipedia: Argentina–India relations (revision of 8 September 2026)

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