Argentina Soybean Export 2026 Market Overview & Trends

Argentina's export performance showed a strong recovery in 2024, with value reaching $1.81 billion, nearly doubling from the 2023 low of $1.02 billion. However, current levels remain significantly below the 2022 peak of $3.08 billion. Quantity also rebounded to 4.15 billion units, indicating a return to higher production capacity after a sharp dip in the previous year.

China remains the primary destination for Argentina's exports, accounting for $1.69 billion in 2024. This dominance is absolute, far exceeding other partners like the United States ($68.7 million) and Chile ($30.1 million). The data highlights a heavy geographical concentration of trade, with China representing the vast majority of the total export value among top importers.

Chile leads emerging growth with a rate of 1.08, followed by Peru and South Africa at 1.0. While China is the largest value contributor, its growth rate of 0.81 indicates a more mature market position. Conversely, the United States shows the slowest momentum at 0.14, suggesting shifting demand dynamics among Argentina's trade partners.

In 2024, Soya beans (HS 120100) dominated the export profile, generating a total value of $1.81 billion. This category, encompassing seeds under sub-codes 120110 and 120190, represents the core of the sector's trade activity. The high concentration in this specific product line underscores its critical importance to Argentina's agricultural export portfolio and overall economic trade balance.