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2023
Flag → Flag
Exports $6.27BRnk 2 / 168
2023
Flag → Flag
Top Product $1.53BCrude Petroleum
2023
Flag → Flag
Exports $8.68BRnk 36 / 220
2023
Flag → Flag
Top Product $1.47BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
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$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Argentina-United States Trade: In 2023, Argentina exported $6.27B to United States. The main products that Argentina exported to United States were Crude Petroleum ($1.53B), Gold ($708M), and Hormones ($547M). Over the past 5 years the exports of Argentina to United States have increased at an annualized rate of 6.33%, from $4.61B in 2018 to $6.27B in 2023.

In 2023, Argentina did not export any services to United States.

United States-Argentina Trade: In 2023, United States exported $8.68B to Argentina. The main products that United States exported to Argentina were Refined Petroleum ($1.47B), Petroleum Gas ($1.43B), and Vaccines, blood, antisera, toxins and cultures ($290M). Over the past 5 years the exports of United States to Argentina have increased at an annualized rate of 2.34%,  from $7.73B in 2018 to $8.68B in 2023.

In 2017, United States exported services to Argentina worth $7.27B, with Travel ($3.21B), Financial services ($1.29B), and Transportation ($1.14B) being the largest in terms of value.

Comparison: In 2023,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Argentina exported $6.27B to United States. The main products exported from Argentina to United States were Crude Petroleum ($1.53B), Gold ($708M), and Hormones ($547M). During the last 5 years the exports of Argentina to United States have increased at an annualized rate of 6.33%, from $4.61B in 2018 to $6.27B in 2023.

In 2018, United States exported $8.68B to Argentina. The main products exported from United States to Argentina were Refined Petroleum ($1.47B), Petroleum Gas ($1.43B), and Vaccines, blood, antisera, toxins and cultures ($290M). During the last 5 years the exports of United States to Argentina have increased at an annualized rate of 2.34%, from $7.73B in 2023 to $8.68B in 2018.

Exports from Argentina (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Argentina (Flag) (2023)

Latest Data

Trade between Argentina (Flag) and United States (Flag)

Argentina Exports

United States Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.1B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Argentina than United States included Uruguay ($1.5B), Yemen ($288M), and Syria ($56.2M).

In 2023, countries that imported more from United States than Argentina included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Argentina (Flag) (2023)

Comparative Advantage Argentina - United States

Flow
Scale

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

During 2023, Argentina had a large net trade with United States in the exports of Mineral Products ($1.88B), Chemical Products ($839M), and Precious Metals ($738M).

During 2018, United States had a large net trade with Argentina in the exports of Mineral Products ($3.14B), Chemical Products ($2.14B), and Machines ($1.44B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina United States+$405MCrude Petroleum
Top Product Potential United States Argentina+$112MPetroleum Gas

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 United States. This means that a dot/product with the flag of Argentina indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Argentina.

Product Space of Argentina (Flag) and United States (Flag) (2023)

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