Argentina’s recovery fuels surge in Brazilian exports to neighboring country

The recovery of Argentina’s economy is generating positive spillover effects in Brazil, particularly through stronger exports and a surge in Argentine tourism.

In the first half of the year, Brazilian exports to Argentina amounted to 0.8% of GDP — up from 0.5% in the same period of 2024. Government data show that shipments continued to rise between July and September, with exports to Argentina climbing 34.6% in the quarter, compared to a 4.7% increase in Brazil’s overall exports.

According to figures from the Foreign Trade Secretariat (Secex), Brazil exported US$14.2 billion in goods to Argentina from January to September, a 47.2% increase from the same period in 2024. After a 1.7% GDP contraction in Argentina last year, growth of about 4% is expected for 2025.

The calculations of Brazilian exports as a share of GDP were made by Francisco Pessoa Faria, an associate researcher at the Brazilian Institute of Economics of Fundação Getulio Vargas (FGV Ibre).

See below a historical overview of Brazilian container exports to Argentina starting in January 2022. The chart was prepared with DataLiner data:

Brazilian Container Exports to Argentina | Jan 2022 to Sep 2025 | TEU

Source: DataLiner (Click here to request a demo)

Alongside the rise in exports, the flow of Argentine tourists to Brazil has also grown sharply, boosting foreign currency inflows. Faria estimates that Argentine travelers spent the equivalent of 0.2% of Brazil’s GDP on trips during the first half of the year, compared to 0.08% in the same period of 2024.

According to Embratur, Brazil’s federal tourism agency, 2.79 million Argentines visited Brazil between January and September — nearly double the 1.47 million recorded in the same months of 2024.

“The renewed economic dynamism in Argentina explains this year’s increase in Brazilian exports,” said Gustavo Pérego, a partner at Argentine consultancy Abeceb. “Last year, Argentina underwent a major economic reconfiguration, with a sharp downturn in the first half followed by a gradual recovery in the second.”

Brazil’s main exports to Argentina, Pérego added, are automobiles and auto parts.

Source: Valor Econômico

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