Argentina’s trade in services totalled USD 39.7 billion in 2024 (a 2.8% growth with respect to 2023). Exports reached a record value of USD 17.1 billion (a 6.3% year-on-year growth), while imports amounted to USD 22.6 billion (a 0.3% year-on-year growth).
Main results
Argentina’s trade in services totalled USD 39.7 billion in 2024, representing a 2.8% growth over the previous year. Exports amounted to a record value of USD 17.1 billion and were 6.3% higher than in 2023. Imports accounted for USD 22.6 billion and grew 0.3% year-on-year. As a result, the deficit was USD 5.5 billion, USD 940 million lower than in 2023.
Most of Argentina’s exports are concentrated in four categories: business services (34.6% of the total); travel (29.0%); telecommunications, IT and information (16.4%); and transport (12.8%). Categories with minor share in the total comprise personal, cultural and recreational services (2.2%); charges for the use of intellectual property (1.6%); government goods and services (1.4%); financial services (1.1%); maintenance and repair services (0.5%); insurance and pension services (0.3%); and construction services (0.1%).
The top ten markets that demand Argentine services are United States, Brazil, Uruguay, Chile, United Kingdom, Mexico, Spain, Paraguay, Ireland and Germany. These ten countries account for 71.3% of total shipments.
In terms of global competitiveness, regardless of its absolute position (55), our country reveals comparative advantages and, therefore, has a better export capacity in personal, cultural and recreational services; travel; business services; and telecommunications, IT and information.
Lastly, in relation to Argentina’s trade outcomes by mode of supply, 55.4% of the exports in 2024 were cross-border type (mode 1), mainly accounted for by business service supply. Of the rest of the exports, 34.4% respond to the consumption of services by non-residents within our country (mode 2), essentially under the travel category; and 2.8% to the physical presence of Argentine service providers abroad (mode 4), mostly businesses.
For more information, please see the full document (in Spanish) here and the data available in the statistics section -Argentina- Total foreign trade.
