Demand for Argentinian Lithium Surged to 230% in 2022

 Lithium is the most important element used in various electronics items including electric vehicles. Argentina contributes to over 9% of the total lithium reserves. It is the second largest lithium exporting country in the world after Chile. Chile and Bolivia along with Argentina cover over 75% of the total lithium reserves globally.

According to the import export data reports, Argentinian lithium exports rose to record level increase of 230% in the financial year 2022. Our Argentina customs data records reflect that around 540 million US Dollars lithium exports were recorded in FY 2022.

As per the Argentina import export data, the major importers of lithium from Argentina were Brazil, Chile, China, Taiwan and the United States. As the world is heading towards greener solutions, the demand for electric vehicles will increase further. Argentina could be an option to cover the lithium shortage in the global market.

In this blog, we will read about Argentina's top minerals export market.

Argentina is home to the abundance of minerals. One of the major minerals found in Argentina is Iron ore. In 2022, Argentina's iron ore exports saw a significant growth of 56%. For the financial year 2021, the iron ore exports from Argentina were around 8 million dollars.

Romania, Germany, Chile, China and the Netherlands are the top iron ore importers from Argentina. On the other hand, our Argentina import data reports indicates that around 784 million US Dollars iron ore imports were made by Argentina in 2021. Brazil, Canada, South Africa and Bolivia were the fastest growing markets for iron ore imports by Argentina.

Argentina has rich uranium and thorium reserves. Uranium has uranium reserves of over 11,000 tU. Argentina's total electricity imports and exports were valued around 11.9 TWH.

Over the decade, Argentina's lead production had seen an annual growth rate of 4% annually. Argentina lead exports rose to 43% in the fiscal year 2021. Netherlands, Germany and Belgium were the top importers of lead from Argentina. While as per India import export data, India has emerged as the significant lead buyer from Argentina with 58% of increase in imports.

Zinc is another significant mineral from the Argentina market. For the fiscal year 2021, the zinc exports from Argentina were up by 32%. China was the leading import destination for Argentina zinc exports with over 50% total exports share followed by Brazil and Belgium.

Argentina is the 79th largest exporter of copper ore.  According to the Argentina export data reports, Argentina's major export destinations for copper are Chile and Indonesia. Argentina's total copper exports are worth around 83 billion US Dollars in 2021.

Argentina is the 10th largest destination for silver production  with over 800 MMT tons in 2021. In 2021, Argentina did most of its exports to Switzerland, Canada, Brazil, United States and Germany. Argentina ranked 22nd largest silver exporter in the world. The total value for Argentina exports was around 345 million dollars. While Chile, Peru, China, Germany and Austria were the fastest growing markets for Argentina's silver imports.

Argentina is a very niche market for mineral imports. Through an Exim intelligence platform, you can reach out to the genuine mineral importers from Argentina. Exim Trade Data has the leading import export database of 200+ countries along with Argentina. Here, you can discover their shipment records and find better pricing for your goods.