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2022
Flag → Flag
Exports $823MRnk 48 / 217
2022
Flag → Flag
Top Product $403MRefined Petroleum
2022
Flag → Flag
Exports $2.15BRnk 5 / 168
2022
Flag → Flag
Top Product $3.1BSoybean Oil
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
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Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$13,686CURRENT US$
Rnk 65 / 186
2012-2022
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GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186

About

India-Argentina Trade: In 2022, India exported $823M to Argentina. The main products that India exported to Argentina were Refined Petroleum ($403M), Motorcycles and cycles ($79.7M), and Nitrogen Heterocyclic Compounds ($63.5M). Over the past 5 years the exports of India to Argentina have increased at an annualized rate of 65.6%, from $66.1M in 2017 to $823M in 2022.

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

Argentina-India Trade: In 2022, Argentina exported $2.15B to India. The main products that Argentina exported to India were Soybean Oil ($3.1B), Seed Oils ($694M), and Gold ($229M). Over the past 5 years the exports of Argentina to India have increased at an annualized rate of 64.2%,  from $180M in 2017 to $2.15B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Latest Trends

April, 2024

About

Overview In April 2024, India exported $99M and imported $262M from Argentina, resulting in a negative trade balance of $163M. Between April 2023 and April 2024 the exports of India have decreased by $-12.8M (-11.4%) from $112M to $99M, while imports increased by $95.3M (57.2%) from $167M to $262M.

Trade In April 2024, the top exports of India to Argentina were Agro Chemicals ($20.3M), Plastic Raw Materials ($6.85M), Organic Chemicals ($4.05M), Residul Chemicl And Alled Prod ($3.51M), and Two And Three Wheelers ($2.38M). In April 2024 the top imports of India from Argentina were Vegetable Oils ($260M), Other Cereals ($29.5M), Petroleum Products ($19.2M), Residul Chemicl And Alled Prod ($2.9M), and Finished Leather ($2.03M).

Growth In April 2024, the decrease in India's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Manmade Yarn,Fabrics,Madeups ($-7.86M or -83.3%), Two And Three Wheelers ($-6.59M or -73.5%), and Cotton Yarn ($-2.48M or -97%). In April 2024, the increase in India's year-by-year imports  from Argentina was explained primarily by an increase in product imports  in Petroleum Products ($19.2M or 4.04M%), Bulk Drugs, Drug Intermediates ($455k or 418%), and Residul Chemicl And Alled Prod ($379k or 15%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)$-12.8M(-11.4%)
IMPORT GROWTH (April 2023 - April 2024)$95.3M(57.2%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Argentina and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Argentina and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $823M to Argentina. The main products exported from India to Argentina were Refined Petroleum ($403M), Motorcycles and cycles ($79.7M), and Nitrogen Heterocyclic Compounds ($63.5M). During the last 5 years the exports of India to Argentina have increased at an annualized rate of 65.6%, from $66.1M in 2017 to $823M in 2022.

In 2017, Argentina exported $2.15B to India. The main products exported from Argentina to India were Soybean Oil ($3.1B), Seed Oils ($694M), and Gold ($229M). During the last 22 years the exports of Argentina to India have increased at an annualized rate of 64.2%, from $180M in 1995 to $2.15B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Argentina
Top DestinationBrazil$12.6B

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

In 2022, countries that imported more from India than Argentina included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Argentina

Flow
Scale

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

During 2022, India had a large net trade with Argentina in the exports of Chemical Products ($473M), Mineral Products ($405M), and Machines ($180M).

During 2017, Argentina had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($3.79B), Precious Metals ($229M), and Vegetable Products ($71.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Argentina+$258MRefined Petroleum
Top Product Potential Argentina India+$130MGold

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

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

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