Argentina (ARG) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Argentina-South Korea Trade: In 2022, Argentina exported $1.96B to South Korea. The main products that Argentina exported to South Korea were Corn ($1.31B), Soybean Oil ($233M), and Soybean Meal ($102M). Over the past 5 years the exports of Argentina to South Korea have increased at an annualized rate of 30.5%, from $517M in 2017 to $1.96B in 2022.

In 2022, Argentina did not export any services to South Korea.

South Korea-Argentina Trade: In 2022, South Korea exported $657M to Argentina. The main products that South Korea exported to Argentina were Refined Petroleum ($82.4M), Motor vehicles; parts and accessories (8701 to 8705) ($62.6M), and Planes, Helicopters, and/or Spacecraft ($29.4M). Over the past 5 years the exports of South Korea to Argentina have decreased at an annualized rate of 5.82%, from $887M in 2017 to $657M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Argentina exported $1.96B to South Korea. The main products exported from Argentina to South Korea were Corn ($1.31B), Soybean Oil ($233M), and Soybean Meal ($102M). During the last 5 years the exports of Argentina to South Korea have increased at an annualized rate of 30.5%, from $517M in 2017 to $1.96B in 2022.

In 2017, South Korea exported $657M to Argentina. The main products exported from South Korea to Argentina were Refined Petroleum ($82.4M), Motor vehicles; parts and accessories (8701 to 8705) ($62.6M), and Planes, Helicopters, and/or Spacecraft ($29.4M). During the last 5 years the exports of South Korea to Argentina have decreased at an annualized rate of 5.82%, from $887M in 2022 to $657M in 2017.

Exports from Argentina () to South Korea () (2022)

Exports from South Korea () to Argentina () (2022)

Latest Data

Trade between Argentina () and South Korea ()

Argentina Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.6B

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from South Korea than Argentina included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Argentina () (2022)

Comparative Advantage Argentina - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Argentina had a large net trade with South Korea in the exports of Vegetable Products ($1.31B), Animal and Vegetable Bi-Products ($249M), and Foodstuffs ($126M).

During 2017, South Korea had a large net trade with Argentina in the exports of Machines ($154M), Transportation ($101M), and Plastics and Rubbers ($95.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Argentina () to South Korea () (2022)

Exports from South Korea () to Argentina () (2022)

Latest Data

Trade between Argentina () and South Korea ()

Argentina Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Argentina () (2022)

Comparative Advantage Argentina - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Argentina () and South Korea () (2022)

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