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2022
Exports $3.22BWorld Rnk 31 / 149
Flag Rnk 7 / 1128
2022
Destination $1.42B United States
2021 - 2022
FASTEST GROWING MARKET $1.42BUnited States
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $1.92kWorld Rnk 135 / 158
Flag Rnk 1162 / 1171
2022
Origin $890 United States
2021 - 2022
FASTEST GROWING ORIGIN $890Sweden
2022
ECONOMIC COMPLEXITY of Argentina0.064Rnk 61 / 133

About

Exports In 2022, Argentina exported $3.22B in Crude Petroleum, making it the 31st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 7th most exported product in Argentina. The main destination of Crude Petroleum exports from Argentina are: United States ($2.19B), Brazil ($423M), Netherlands ($268M), Chile ($97.1M), and United Kingdom ($80.5M).

The fastest growing export markets for Crude Petroleum of Argentina between 2021 and 2022 were United States ($1.42B), Brazil ($423M), and United Kingdom ($80.5M).

Imports In 2022, Argentina imported $1.92k in Crude Petroleum, becoming the 135th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1162nd most imported product in Argentina. Argentina imports Crude Petroleum primarily from: United States ($1.03k) and Sweden ($890).

The fastest growing import markets in Crude Petroleum for Argentina between 2021 and 2022 were Sweden ($890).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.22B
IMPORTS (2022)$1.92k
NET TRADE (2022)$3.22B

In 2022, Argentina exported $3.22B in Crude Petroleum. The main destinations of Argentina exports on Crude Petroleum were United States ($2.19B), Brazil ($423M), Netherlands ($268M), Chile ($97.1M), and United Kingdom ($80.5M).

In 2022, Argentina imported $1.92k in Crude Petroleum, mainly from United States ($1.03k) and Sweden ($890).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Argentina WERE (2021 - 2022):
United States$1.42B (184%)
Brazil$423M (1%)
United Kingdom$80.5M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Argentina WERE (2021 - 2022):
United Arab Emirates-$76M (-100%)
Netherlands-$21.3M (-7.36%)
Singapore-$15.3M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Argentina's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Argentina's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $405M
TOP IMPORT POTENTIALBrazil+ $1.7k

Crude Petroleum’s highest export potential is United States. With an export gap of $405M.   Crude Petroleum’s highest import potential is Brazil with an import gap of $1.7k.

See methodology.

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