Argentina (ARG) and India (IND) Trade | The Observatory of Economic Complexity

About

Argentina-India Trade: In 2023, Argentina exported $2.62B to India. The main products that Argentina exported to India were Soybean Oil ($1.52B), Seed Oils ($529M), and Gold ($303M). Over the past 5 years the exports of Argentina to India have increased at an annualized rate of 9.57%, from $1.66B in 2018 to $2.62B in 2023.

In 2023, Argentina did not export any services to India.

India-Argentina Trade: In 2023, India exported $1.4B to Argentina. The main products that India exported to Argentina were Refined Petroleum ($223M), Motorcycles and cycles ($88.9M), and Nucleic Acids ($71.6M). Over the past 5 years the exports of India to Argentina have increased at an annualized rate of 9.58%, from $887M in 2018 to $1.4B in 2023.

In 2023, India did not export any services to Argentina.

Comparison: In 2023, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Argentina exported $2.62B to India. The main products exported from Argentina to India were Soybean Oil ($1.52B), Seed Oils ($529M), and Gold ($303M). During the last 5 years the exports of Argentina to India have increased at an annualized rate of 9.57%, from $1.66B in 2018 to $2.62B in 2023.

In 2018, India exported $1.4B to Argentina. The main products exported from India to Argentina were Refined Petroleum ($223M), Motorcycles and cycles ($88.9M), and Nucleic Acids ($71.6M). During the last 5 years the exports of India to Argentina have increased at an annualized rate of 9.58%, from $887M in 2023 to $1.4B in 2018.

Exports from Argentina () to India () (2023)

Exports from India () to Argentina () (2023)

Latest Data

Trade between Argentina () and India ()

Argentina Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.1B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Argentina than India included Brazil ($12.1B), Chile ($5.57B), and Peru ($2.55B).

In 2023, countries that imported more from India than Argentina included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

Difference in imports from India () and Argentina () (2023)

Comparative Advantage Argentina - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Argentina had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($2.05B), Precious Metals ($303M), and Wood Products ($82.7M).

During 2018, India had a large net trade with Argentina in the exports of Chemical Products ($461M), Machines ($251M), and Mineral Products ($226M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Argentina India+$130MGold

Top Product Potential India Argentina+$258MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Argentina () to India () (2023)

Exports from India () to Argentina () (2023)

Latest Data

Trade between Argentina () and India ()

Argentina Exports

India Exports

Market Competitiveness

Difference in imports from India () and Argentina () (2023)

Comparative Advantage Argentina - India

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Argentina () and India () (2023)

Keep Exploring