Motor vehicle exports of Argentina have been a cornerstone of the country's economic growth due to the hike in global demand for motor vehicles, as transportation equipment has been a major concern for the consumer base. Ranging from the quality and quantity of shipped goods, Argentina has been exporting a wide variety of motor vehicles to counter the trade deficit positively. Import Globals highlights all the precise information regarding the latest revolutionary movements for empowering Business holders in making decisions based on the Latest Marketing Opportunities.

A Brief Overview of the Motor Vehicle Exports of Argentina in 2024

The strategic geographical location of the country and the skilled workforce engaged in the manufacturing units has resulted in competitive production costs. Indulging the nation as a top choice for many international automotive companies, proactively looking for regions to expand their export markets. The favorable trade policies that encourage foreign investment in the automotive sector's pricing strategies, accompanied by the tax incentives and subsidies initiated by the government for attracting new businesses into the country, have been crucial in promoting the export valuations.

From a staggering export value of 5.2 billion US dollars of motor vehicles in 2020, the country has come a long way, with an export trade value of 8 billion US dollars of motor vehicles in 2024. The active membership of the nation in various trade agreements, such as Mercosur and free trade agreements with countries like Mexico has been fostering the global expansion for motor vehicles, providing preferential access to member countries' markets, resulting in reduced tariffs and other trade barriers.

Summary of Argentina's Trade of 2024

The Statistical Analysis of Argentina's Motor Vehicle Exports of 2024(Last 5 Years)

The Leading Export Variants of Motor Vehicles From Argentina in 2024

Argentina's motor vehicle exports have been rapidly expanding their footprint in the global market via diversification in the export trends. The high-quality manufacturing capacity of the industrial sectors, due to the skilled workforce engaged in the units, has been fostering the annual valuation. According to the Argentina Export Data, the top 10 leading variants of motor vehicles exported from the nation in 2024 are,

1. Sedans - Export valuation - 2.14 billion US dollars; Annual trade share - 32%

2. Pick-Up Trucks - Export valuation - 1.78 billion US dollars; Annual trade share - 20%

3. SUVs - Export valuation - 1.65 billion US dollars; Annual trade share - 16%

4. Hatchbacks - Export valuation - 1.42 billion US dollars; Annual trade share - 12%

5. Miniature Cars - Export valuation - 1 billion US dollars; Annual trade share - 8%

6. Electric/Hybrid Cars - Export valuation - 900 million US dollars; Annual trade share - 6%

7. Vans - Export valuation - 800 million US dollars; Annual trade share - 5%

8. Coupes - Export valuation - 600 million US dollars; Annual trade share - 4%

9. Luxury Cars - Export valuation - 500 million US dollars; Annual trade share - 3%

10. Motorcycles - Export valuation - 420 million US dollars; Annual trade share - 2%

Major Export Trade Partners of Argentina for Motor Vehicles in 2024

The recent trade statistics on Argentina shipment data have reported that the motor vehicle exports of the nation have been expanding rapidly. The country has traded its products with the regions having cost-effective pricing strategies and effective trade barriers for reasonable exchanges. According to the Argentina Trade Data, the top 10 export trade partners of the nation for motor vehicle exports in 2024 are,

1. Brazil - According to the Brazil Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 3.12 billion US dollars.

2. United States - According to the USA Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 2 billion US dollars.

3. Mexico - According to the Mexico Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 1.65 billion US dollars.

4. Chile - According to the Chile Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 1.2 billion US dollars.

5. Kenya - According to the Kenya Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 1 billion US dollars.

6. Germany - According to the Germany Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 876 million US dollars.

7. Colombia - According to the Colombia Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 654 million US dollars.

8. Peru - According to the Peru Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 478 million US dollars.

9. Uruguay - According to the Uruguay Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 354 million US dollars.

10. Netherlands - According to the Netherlands Import Data, the valuation of the motor vehicles exported from Argentina in 2024 - 289 million US dollars.

Top Motor Vehicle Manufacturing Companies of Argentina in 2024

The entire export market of the motor vehicles of Argentina is running sturdily in the global export market due to the efficient production capacities of the manufacturing companies. The government's investment in technological revolution has fostered the production rate of different industrial sectors, countering the majority share. According to the Argentina Customs Data, the top three motor vehicle manufacturing companies of the nation in 2024 are,

1. General Motors Argentina - A subsidiary of the American multinational corporation General Motors Company. The authority, which was established in 1985, has recently emerged as one of the leading manufacturers of motor vehicles in the country. The main production facility is located in Santa Fe, a region responsible for a wide range of vehicle exports. It holds an annual revenue generation of 24% in the annual trade.

2. Ford motor Argentina - Ford Motor is another crucial role player of the Argentina Motor Vehicle Industry. As being produced in the year 1913, the authority is still leading as one of the leading manufacturers of top-demanding commodities like Fiesta and Focus SUVs like EcoSport and Cuba, accompanied by light commercial vehicles like Rangers. The annual trade share is around 18% in 2024.

3. Toyota Argentina - A subsidiary of Japanese multinational Toyota Motor Corporation, established in 1997, has been operating two manufacturing plants in Zarate and Kampana, producing models such as Hilux, Ateos, Forola, and the SB4. The annual trade share of the authority is around 14% in the annual revenue.

FAQ'S

Que. What is the export rate value of motor vehicles from Argentina in 2024?
Ans. The export trade value of motor vehicles from Argentina in 2024 is 8 billion US dollars.

Que. Who is the top export trade partner of Argentina for motor vehicles in 2024?
Ans. Brazil is the top export trade partner of Argentina for motor vehicles in 2024.

Que. Who is the top motor vehicle exporting company of Argentina in 2024?
Ans. General Motors Argentina is the top motor vehicle exporting company in Argentina in 2024.

Que. Where can we get a detailed trade analysis of the motor vehicle exports of Argentina in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the motor vehicle exports of Argentina in 2024.

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