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ARG
About
# permalink to sectionOverview In 2021, Argentina was the number 26 economy in the world in terms of GDP (current US$), the number 48 in total exports, the number 51 in total imports, the number 64 economy in terms of GDP per capita (current US$) and the number 60 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Argentina are Corn ($8.88B), Soybean Meal ($8.63B), Soybean Oil ($6.17B), Delivery Trucks ($3.89B), and Wheat ($2.71B), exporting mostly to Brazil ($11.2B), China ($5.93B), United States ($4.55B), India ($4.19B), and Chile ($3.93B).
In 2021, Argentina was the world's biggest exporter of Soybean Meal ($8.63B), Soybean Oil ($6.17B), Ground Nuts ($796M), Other Vegetable Residues and Waste ($313M), and Bran ($291M)
Imports The top imports of Argentina are Motor vehicles; parts and accessories (8701 to 8705) ($2.99B), Refined Petroleum ($2.69B), Petroleum Gas ($2.35B), Soybeans ($2.26B), and Vaccines, blood, antisera, toxins and cultures ($1.76B), importing mostly from China ($12.6B), Brazil ($12B), United States ($6.41B), Germany ($2.68B), and Paraguay ($2.65B).
Location Argentina borders Bolivia , Brazil , Chile , Paraguay , and Uruguay by land and Falkland Islands by sea.
Latest Trends
# permalink to sectionLatest Trade
# permalink to sectionThe following section uses the most recent trade data from partners of Argentina.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
# permalink to sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
# permalink to sectionYearly Trade
# permalink to sectionIn 2021, Argentina exported a total of $68.7B, making it the number 48 exporter in the world. During the last five reported years the exports of Argentina have changed by $9.62B from $59B in 2016 to $68.7B in 2021.
The most recent exports are led by Corn ($8.88B), Soybean Meal ($8.63B), Soybean Oil ($6.17B), Delivery Trucks ($3.89B), and Wheat ($2.71B). The most common destination for the exports of Argentina are Brazil ($11.2B), China ($5.93B), United States ($4.55B), India ($4.19B), and Chile ($3.93B).
Market Growth
# permalink to sectionFastest Growing Export Markets (2020 - 2021)
- Brazil , $3.55B (+ 46.3%)
- India , $1.66B (+ 65.4%)
- Netherlands , $1.14B (+ 68%)
Fastest Growing Import Markets (2020 - 2021)
- China , $4.17B (+ 49.3%)
- Brazil , $3.38B (+ 39.4%)
- United States , $1.55B (+ 31.9%)
Service Trade
# permalink to sectionService Trade
# permalink to sectionArgentina Exports Services (2019) : $14B
Argentina Imports Services (2019) : $19B
In 2019, Argentina exported $14B worth of services. The top services exported by Argentina in 2019 were Personal travel ($4.23B), Other business services ($3.8B), Computer and information services ($1.98B), Transportation ($1.85B), and Business travel ($1.01B).
The top services imported by Argentina in 2019 were Personal travel ($6.08B), Transportation ($3.87B), Other business services ($2.76B), Business travel ($1.77B), and Royalties and license fees ($1.71B).
Economic Complexity
# permalink to sectionOverview
# permalink to sectionMost Specialized Products by RCA Index
# permalink to sectionArgentina has a high level of specialization in Soybean Oil (110), Soybean Meal (89.9), Other Vegetable Residues and Waste (86.3), Ground Nuts (58.6), and Corn (52). Specialization is measured using RCA, an index that takes the ratio between Argentina observed and expected exports in each product.
Most Complex Products by PCI
# permalink to sectionThe highest complexity exports of Argentina according to the product complexity index (PCI) are Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) (1.11), Prepared rubber accelerators; compound plasticisers for rubber or plastics, n.e.c. or included;... (1.09), Natural polymers (e.g. alginic acid) and modified natural polymers (e.g. hardened proteins,... (0.69), Glands and other organs (extracts, secretions thereof) for organo-therapeutic uses, dried, powdered... (0.69), and Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not... (0.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
# permalink to sectionThe top export opportunities for Argentina according to the relatedness index, were Manganese Ore (0.21), Aluminium Ore (0.19), Other Oily Seeds (0.19), Sheep and Goat Meat (0.18), and Coal Briquettes (0.18). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Argentina is not specialized in.
Product Space
# permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
Diversification Frontier
# permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
Economic Complexity Ranking
# permalink to sectionDuring the last 20 years Argentina's economy has become relatively less complex, moving from the 34th to the 60th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
