The United States and Argentina entered into a Trade and Investment Framework Agreement (TIFA) in 2016. The Trade and Investment Council under that agreement is the primary mechanism for bilateral trade and investment issues. The TIFA engagement also includes the Innovation and Creativity Forum (ICED Forum).
The Council and the ICED Forum last met in 2024. In the Joint Statement, the Council established a Supply Chains Working Group.
Other statements related to bilateral work:
Other trade and investment instruments include:
Argentina Trade Summary
U.S. goods and services trade with Argentina totaled an estimated $26.1 billion in 2024, down 3.5 percent ($962.7 million) from 2023.
U.S. total goods trade with Argentina were an estimated $16.2 billion in 2024. U.S. goods exports to Argentina in 2024 were $9.1 billion, down 21.4 percent ($2.5 billion) from 2023. U.S. goods imports from Argentina in 2024 totaled $7.1 billion, up 10.4 percent ($671.0 million) from 2023. The U.S. goods trade surplus with Argentina was $2.0 billion in 2024, a 61.2 percent decrease ($3.2 billion) over 2023.
U.S. total services trade (exports plus imports) with Argentina totaled an estimated $10.0 billion in 2024. U.S. services exports to Argentina in 2024 were $7.4 billion, up 7.2 percent (495 million) from 2023. U.S. services imports from Argentina in 2024 were $2.6 billion, up 15.7 percent ($352 million) from 2023. The U.S. services trade surplus with Argentina was $4.8 billion in 2024, a 3.1 percent increase ($144 million) over 2023.
Read the Trade and Investment Agreement between the US and Argentina here.
