Argentina (ARG) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Argentina-Brazil Trade: In 2022, Argentina exported $9.34B to Brazil. The main products that Argentina exported to Brazil were Delivery Trucks ($2.53B), Cars ($2.05B), and Wheat ($1.38B). Over the past 5 years the exports of Argentina to Brazil have increased at an annualized rate of 8.68%, from $6.16B in 2017 to $9.34B in 2022.

In 2022, Argentina did not export any services to Brazil.

Brazil-Argentina Trade: In 2022, Brazil exported $17.8B to Argentina. The main products that Brazil exported to Argentina were Cars ($1.53B), Motor vehicles; parts and accessories (8701 to 8705) ($1.41B), and Iron Ore ($564M). Over the past 5 years the exports of Brazil to Argentina have increased at an annualized rate of 33.9%, from $4.14B in 2017 to $17.8B in 2022.

In 2022, Brazil did not export any services to Argentina.

Comparison: In 2022, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Argentina exported $9.34B to Brazil. The main products exported from Argentina to Brazil were Delivery Trucks ($2.53B), Cars ($2.05B), and Wheat ($1.38B). During the last 5 years the exports of Argentina to Brazil have increased at an annualized rate of 8.68%, from $6.16B in 2017 to $9.34B in 2022.

In 2017, Brazil exported $17.8B to Argentina. The main products exported from Brazil to Argentina were Cars ($1.53B), Motor vehicles; parts and accessories (8701 to 8705) ($1.41B), and Iron Ore ($564M). During the last 22 years the exports of Brazil to Argentina have increased at an annualized rate of 33.9%, from $4.14B in 1995 to $17.8B in 2017.

Exports from Argentina () to Brazil () (2022)

Exports from Brazil () to Argentina () (2022)

Latest Data

Trade between Argentina () and Brazil ()

Argentina Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.6B

Brazil
Top DestinationChina$90.1B

This map shows whether countries import more from Argentina or Brazil. Each country is colored based on the difference in imports they receive from Argentina and Brazil or the difference in the growth in imports.

In 2022, countries that imported more from Argentina than Brazil included Ireland ($675M), Mozambique ($274M), and Nepal ($208M).

In 2022, countries that imported more from Brazil than Argentina included China ($90.1B), United States ($36.6B), and Netherlands ($11.8B).

Difference in imports from Brazil () and Argentina () (2022)

Comparative Advantage Argentina - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Argentina and Brazil by product, considering products traded by both, Argentina and Brazil.

During 2022, Argentina had a large net trade with Brazil in the exports of Transportation ($5.08B), Vegetable Products ($2.51B), and Mineral Products ($1.15B).

During 2017, Brazil had a large net trade with Argentina in the exports of Transportation ($3.88B), Machines ($2.46B), and Metals ($2.01B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Argentina Brazil+$127MCrude Petroleum

Top Product Potential Brazil Argentina+$230MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Argentina and Brazil. This means that a dot/product with the flag of Argentina indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Argentina.

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Historical Data

Bilateral Trade by Products

Exports from Argentina () to Brazil () (2022)

Exports from Brazil () to Argentina () (2022)

Latest Data

Trade between Argentina () and Brazil ()

Argentina Exports

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Argentina () (2022)

Comparative Advantage Argentina - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Argentina () and Brazil () (2022)

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