Overview In 2020 Argentina was the number 29 economy in the world in terms of GDP (current US$), the number 45 in total exports, the number 54 in total imports, the number 78 economy in terms of GDP per capita (current US$) and the number 53 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Argentina are Oil-cake and other solid residues; whether or not ground or in the... ($7.89B), Maize (corn) ($6.46B), Soya-bean oil and its fractions; whether or not refined, but not chemically... ($3.9B), Soya beans, whether or not broken ($2.31B), and Vehicles; for the transport of goods ($2.3B), exporting mostly to Brazil ($7.67B), China ($5.41B), United States ($3.47B), Chile ($2.91B), and Vietnam ($2.87B).

In 2020, Argentina was the world's biggest exporter of Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil ($7.89B), Soya-bean oil and its fractions; whether or not refined, but not chemically modified ($3.9B), Ground-nuts; not roasted or otherwise cooked, whether or not shelled or broken ($875M), Bran, sharps and other residues; whether or not in the form of pellets derived from the sifting, milling or other working of cereals or of leguminous plants ($276M), and Vegetable materials and vegetable waste, vegetable residues and bi-products; whether or not in the form of pellets, of a kind used in animal feeding, not elsewhere specified or included ($229M)

Imports The top imports of Argentina are Motor cars and other motor vehicles; principally designed for the transport of... ($1.77B), Soya beans, whether or not broken ($1.76B), Motor vehicles; parts and accessories, of heading no. 8701 to 8705 ($1.71B), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($1.25B), and Petroleum gases and other gaseous hydrocarbons ($1.17B), importing mostly from Brazil ($8.57B), China ($8.34B), United States ($5.02B), Germany ($2.13B), and Paraguay ($2.13B).

Location Argentina borders Bolivia, Brazil, Chile, Paraguay, and Uruguay by land and Falkland Islands by sea.

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The following section uses the most recent trade data from partners of Argentina.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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In 2020, Argentina exported a total of $54.6B, making it the number 45 exporter in the world. During the last five reported years the exports of Argentina have changed by -$3.17B from $57.8B in 2015 to $54.6B in 2020.

The most recent exports are led by Oil-cake and other solid residues; whether or not ground or in the... ($7.89B), Maize (corn) ($6.46B), Soya-bean oil and its fractions; whether or not refined, but not chemically... ($3.9B), Soya beans, whether or not broken ($2.31B), and Vehicles; for the transport of goods ($2.3B). The most common destination for the exports of Argentina are Brazil ($7.67B), China ($5.41B), United States ($3.47B), Chile ($2.91B), and Vietnam ($2.87B).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Argentina Exports Services (2019): $14B

Argentina Imports Services (2019): $19B

In 2019, Argentina exported $14B worth of services. The top services exported by Argentina in 2019 were Personal travel ($4.23B), Other business services ($3.8B), Computer and information services ($1.98B), Transportation ($1.85B), and Business travel ($1.01B).

The top services imported by Argentina in 2019 were Personal travel ($6.08B), Transportation ($3.87B), Other business services ($2.76B), Business travel ($1.77B), and Royalties and license fees ($1.71B).

Economic Complexity

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Export Opportunities by Relatedness

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The top export opportunities for Argentina according to the relatedness index, are Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more, calculated on the dry weight (0.23), Meat of sheep or goats; fresh, chilled or frozen (0.21), Oil seeds and oleaginous fruits, n.e.c. in chapter 12; whether or not broken (0.2), Ores and concentrates; n.e.c. in heading no. 2601 (0.2), and Iron ores and concentrates; including roasted iron pyrites (0.2). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Argentina is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Argentina. These are products that tend to be co-exported with the products that Argentina exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

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During the last 20 years Argentina's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨36th to the 53rd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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