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Strategic Lens

Supply chains and manufacturing: India and Argentina

First country

Second country

In 2025, India sold USD 327 million of machinery, vehicles and iron and steel to Argentina and bought USD 4.5 million from it.

Benefits

  • BothTwo-way trade in machinery, vehicles and iron and steel grew about 3.2 times, from USD 103 million in 2019 to USD 331 million in 2025.

Constraints

  • 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)

Last updated on 26 September 2026

The numbers

India's exports to Argentina: machinery, vehicles and iron and steel

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

2019: 89.9Low 89.9 / High 332.32025: 326.5

201989.9
2020104.5
2021274.8
2022293.7
2023332.3
2024306.3
2025326.5

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: machinery, vehicles and iron and steel

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

2019: 13.5Low 4.5 / High 13.52025: 4.5

201913.5
20206.8
202110.9
20229.1
20238.9
202412.3
20254.5

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

Data retrieved 26 September 2026

← India and Argentina