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2023
Flag → Flag
Exports $918MRnk 18 / 168
2023
Flag → Flag
Top Product $596MCorn
2023
Flag → Flag
Exports $668MRnk 51 / 142
2023
Flag → Flag
Top Product $64MMachinery Having Individual Functions
2023
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Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
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Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
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GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
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 GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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GDP PC $14,187CURRENT US$
Rnk 73 / 195
2013-2023
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GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195
2023
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GDP PC$33,121CURRENT US$
Rnk 41 / 196
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195

About

Argentina-South Korea Trade: In 2023, Argentina exported $918M to South Korea. The main products that Argentina exported to South Korea were Corn ($596M), Soybean Oil ($213M), and Molluscs ($69.2M). Over the past 5 years the exports of Argentina to South Korea have increased at an annualized rate of 22.6%, from $331M in 2018 to $918M in 2023.

In 2023, Argentina did not export any services to South Korea.

South Korea-Argentina Trade: In 2023, South Korea exported $668M to Argentina. The main products that South Korea exported to Argentina were Machinery Having Individual Functions ($64M), Refined Petroleum ($55.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($47.9M). Over the past 5 years the exports of South Korea to Argentina have increased at an annualized rate of 0.78%,  from $643M in 2018 to $668M in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Argentina exported $918M to South Korea. The main products exported from Argentina to South Korea were Corn ($596M), Soybean Oil ($213M), and Molluscs ($69.2M). During the last 5 years the exports of Argentina to South Korea have increased at an annualized rate of 22.6%, from $331M in 2018 to $918M in 2023.

In 2018, South Korea exported $668M to Argentina. The main products exported from South Korea to Argentina were Machinery Having Individual Functions ($64M), Refined Petroleum ($55.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($47.9M). During the last 5 years the exports of South Korea to Argentina have increased at an annualized rate of 0.78%, from $643M in 2023 to $668M in 2018.

Exports from Argentina (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Argentina (Flag) (2023)

Latest Data

Trade between Argentina (Flag) and South Korea (Flag)

Argentina Exports

South Korea Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.1B
South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Argentina than South Korea included Brazil ($12.1B), Chile ($5.57B), and Vietnam ($2.07B).

In 2023, countries that imported more from South Korea than Argentina included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Argentina (Flag) (2023)

Comparative Advantage Argentina - South Korea

Flow
Scale

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

During 2023, Argentina had a large net trade with South Korea in the exports of Vegetable Products ($596M), Animal and Vegetable Bi-Products ($213M), and Animal Products ($80.1M).

During 2018, South Korea had a large net trade with Argentina in the exports of Machines ($287M), Plastics and Rubbers ($86M), and Transportation ($72.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina South Korea+$27.9MSoybean Meal
Top Product Potential South Korea Argentina+$77.3MRefined 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

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

Product Space of Argentina (Flag) and South Korea (Flag) (2023)

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