Mexico (MEX) and Argentina (ARG) Trade | The Observatory of Economic Complexity

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Mexico-Argentina Trade: In 2023, Mexico exported $1.55B to Argentina. The main products that Mexico exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($289M), Cars ($114M), and Computers ($90.9M). Over the past 5 years the exports of Mexico to Argentina have decreased at an annualized rate of 3.89%, from $1.88B in 2018 to $1.55B in 2023.

In 2023, Mexico did not export any services to Argentina.

Argentina-Mexico Trade: In 2023, Argentina exported $524M to Mexico. The main products that Argentina exported to Mexico were Soybean Oil ($102M), Seed Oils ($87.8M), and Packaged Medicaments ($38.1M). Over the past 5 years the exports of Argentina to Mexico have decreased at an annualized rate of 3.6%, from $630M in 2018 to $524M in 2023.

In 2023, Argentina did not export any services to Mexico.

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $1.55B to Argentina. The main products exported from Mexico to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($289M), Cars ($114M), and Computers ($90.9M). During the last 5 years the exports of Mexico to Argentina have decreased at an annualized rate of 3.89%, from $1.88B in 2018 to $1.55B in 2023.

In 2018, Argentina exported $524M to Mexico. The main products exported from Argentina to Mexico were Soybean Oil ($102M), Seed Oils ($87.8M), and Packaged Medicaments ($38.1M). During the last 5 years the exports of Argentina to Mexico have decreased at an annualized rate of 3.6%, from $630M in 2023 to $524M in 2018.

Exports from Mexico () to Argentina () (2023)

Exports from Argentina () to Mexico () (2023)

Latest Data

Trade between Mexico () and Argentina ()

Mexico Exports

Date

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from Mexico than Argentina included United States ($456B), Canada ($33B), and Germany ($10.7B).

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

Difference in imports from Argentina () and Mexico () (2023)

Comparative Advantage Mexico - Argentina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Argentina in the exports of Transportation ($487M), Machines ($438M), and Chemical Products ($228M).

During 2018, Argentina had a large net trade with Mexico in the exports of Animal and Vegetable Bi-Products ($205M), Vegetable Products ($79M), and Chemical Products ($69.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Argentina+$112MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Argentina Mexico+$25.2MWheat

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Argentina () (2023)

Exports from Argentina () to Mexico () (2023)

Latest Data

Trade between Mexico () and Argentina ()

Mexico Exports

Argentina Exports

Market Competitiveness

Difference in imports from Argentina () and Mexico () (2023)

Comparative Advantage Mexico - Argentina

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and Argentina () (2023)

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