2022
Flag  
GDP
$633BCURRENT US$
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2012-2022
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GDP GROWTH
15.9%CURRENT US$
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2022
Flag
 GDP
$1.4TCURRENT US$
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2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
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2022
Flag
GDP PC 
$13,686CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
4.61%CURRENT US$
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2022
Flag
GDP PC
$29,350CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
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About

Argentina-Spain Trade: In 2022, Argentina exported $1.72B to Spain. The main products that Argentina exported to Spain were Soybean Meal ($712M), Crustaceans ($347M), and Soybean Oil ($88.1M). Over the past 5 years the exports of Argentina to Spain have increased at an annualized rate of 2.44%, from $1.53B in 2017 to $1.72B in 2022.

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

Spain-Argentina Trade: In 2022, Spain exported $1.28B to Argentina. The main products that Spain exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($115M), Refined Petroleum ($55.7M), and Mixed Mineral or Chemical Fertilizers ($43.8M). Over the past 5 years the exports of Spain to Argentina have decreased at an annualized rate of 3.35%,  from $1.52B in 2017 to $1.28B in 2022.

In 2009, Spain exported services to Argentina worth $1.16B, with Services not allocated ($745M), Travel ($229M), and Transportation ($183M) being the largest in terms of value.

Comparison: In 2022,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Argentina exported $1.72B to Spain. The main products exported from Argentina to Spain were Soybean Meal ($712M), Crustaceans ($347M), and Soybean Oil ($88.1M). During the last 5 years the exports of Argentina to Spain have increased at an annualized rate of 2.44%, from $1.53B in 2017 to $1.72B in 2022.

In 2017, Spain exported $1.28B to Argentina. The main products exported from Spain to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($115M), Refined Petroleum ($55.7M), and Mixed Mineral or Chemical Fertilizers ($43.8M). During the last 5 years the exports of Spain to Argentina have decreased at an annualized rate of 3.35%, from $1.52B in 2022 to $1.28B in 2017.

Exports from Argentina (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to Argentina (Flag) (2022)

Latest Data

Trade between Argentina (Flag) and Spain (Flag)

Argentina Exports

Spain Exports

Market Competitiveness

Color
Argentina
Top Destination
Brazil$12.6B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Argentina than Spain included Brazil ($12.6B), Chile ($5.11B), and Vietnam ($3.25B).

In 2022, countries that imported more from Spain than Argentina included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain (Flag) and Argentina (Flag) (2022)

Comparative Advantage Argentina - Spain

Flow
Scale

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

During 2022, Argentina had a large net trade with Spain in the exports of Foodstuffs ($820M), Animal Products ($455M), and Vegetable Products ($187M).

During 2017, Spain had a large net trade with Argentina in the exports of Machines ($302M), Chemical Products ($299M), and Transportation ($166M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Spain+$20.2MCorn
Top Product Potential Spain Argentina+$46.9MMotor vehicles; parts and accessories (8701 to 8705)

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

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

Product Space of Argentina (Flag) and Spain (Flag) (2022)

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