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Pricing

2022
Flag → Flag
Exports $1.09BRnk 18 / 168
2022
Flag → Flag
Top Product $565MSoybean Meal
2022
Flag → Flag
Exports $1.52BRnk 55 / 221
2022
Flag → Flag
Top Product $81.3MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC $13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Argentina-Italy Trade: In 2022, Argentina exported $1.09B to Italy. The main products that Argentina exported to Italy were Soybean Meal ($565M), Crustaceans ($79.2M), and Crude Petroleum ($78.4M). Over the past 5 years the exports of Argentina to Italy have increased at an annualized rate of 0.57%, from $1.06B in 2017 to $1.09B in 2022.

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

Italy-Argentina Trade: In 2022, Italy exported $1.52B to Argentina. The main products that Italy exported to Argentina were Vaccines, blood, antisera, toxins and cultures ($81.3M), Refined Petroleum ($62.8M), and Washing and Bottling Machines ($49.9M). Over the past 5 years the exports of Italy to Argentina have decreased at an annualized rate of 1.71%,  from $1.65B in 2017 to $1.52B in 2022.

In 2020, Italy exported services to Argentina worth $233M, with Travel ($90.2M), Other business services ($52M), and Transportation ($25.7M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Argentina exported $1.09B to Italy. The main products exported from Argentina to Italy were Soybean Meal ($565M), Crustaceans ($79.2M), and Crude Petroleum ($78.4M). During the last 5 years the exports of Argentina to Italy have increased at an annualized rate of 0.57%, from $1.06B in 2017 to $1.09B in 2022.

In 2017, Italy exported $1.52B to Argentina. The main products exported from Italy to Argentina were Vaccines, blood, antisera, toxins and cultures ($81.3M), Refined Petroleum ($62.8M), and Washing and Bottling Machines ($49.9M). During the last 5 years the exports of Italy to Argentina have decreased at an annualized rate of 1.71%, from $1.65B in 2022 to $1.52B in 2017.

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

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

Latest Data

Trade between Argentina (Flag) and Italy (Flag)

Argentina Exports

Italy Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.6B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Argentina than Italy included Brazil ($12.6B), Chile ($5.11B), and Peru ($2.49B).

In 2022, countries that imported more from Italy than Argentina included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Argentina - Italy

Flow
Scale

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

During 2022, Argentina had a large net trade with Italy in the exports of Foodstuffs ($602M), Animal Products ($155M), and Vegetable Products ($121M).

During 2017, Italy had a large net trade with Argentina in the exports of Machines ($672M), Chemical Products ($276M), and Metals ($110M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Italy+$52.7MCrude Petroleum
Top Product Potential Italy Argentina+$58.6MRefined 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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Bilateral Service Trade

In 2020, Italy exported services to Argentina worth $233M, with Travel ($90.2M), Other business services ($52M), and Transportation ($25.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Argentina (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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