Argentina2019 Economic Complexity: 0.23, Rank 60 of 157
2019 Product Exports | Imports: $64B | $47.8B, 46 of 225 | 54 of 225
2019 Per Capita Product Exports | Imports: $1.42k | $1.06k, 106 of 219 | 144 of 219
2018 Service Exports | Imports : $14.6B | $23.7B, 25 of 88 | 24 of 88
Overview: In 2019 Argentina was the number 26 economy in the world in terms of GDP (current US$), the number 46 in total exports, the number 54 in total imports, the number 73 economy in terms of GDP per capita (current US$) and the number 60 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Argentina are Soybean Meal ($8.81B), Corn ($6.19B), Delivery Trucks ($3.83B), Soybeans ($3.47B), and Soybean Oil ($3.38B), exporting mostly to Brazil ($10.3B), China ($6.94B), United States ($4.44B), Chile ($3.15B), and Vietnam ($2.83B).
In 2019, Argentina was the world's biggest exporter of Soybean Meal ($8.81B), Soybean Oil ($3.38B), Bran ($292M), Other Vegetable Residues and Waste ($232M), and Ground Nut Oil ($131M)
Imports: The top imports of Argentina are Cars ($2.33B), Refined Petroleum ($2.25B), Vehicle Parts ($2.07B), Petroleum Gas ($1.54B), and Soybeans ($1.38B), importing mostly from Brazil ($9.85B), China ($8.47B), United States ($6.82B), Germany ($2.73B), and Paraguay ($1.74B).
Location: Argentina borders Bolivia, Brazil, Chile, Paraguay, and Uruguay by land and Falkland Islands by sea.
Top Export (2019): Soybean Meal, $8.81B
Top Destination (2019): Brazil, $10.3B
In 2019, Argentina exported a total of $64B, making it the number 46 exporter in the world. During the last five reported years the exports of Argentina have changed by -$5.14B from $69.1B in 2014 to $64B in 2019.
The most recent exports are led by Soybean Meal ($8.81B), Corn ($6.19B), Delivery Trucks ($3.83B), Soybeans ($3.47B), and Soybean Oil ($3.38B). The most common destination for the exports of Argentina are Brazil ($10.3B), China ($6.94B), United States ($4.44B), Chile ($3.15B), and Vietnam ($2.83B).
In 2019 Argentina imported $47.8B, making it the number 54 trade destination in the world. During the last five reported years the imports of Argentina changed by -$14.8B from $62.6B in 2014 to $47.8B in 2019.
The most recent imports of Argentina are led by Cars ($2.33B), Refined Petroleum ($2.25B), Vehicle Parts ($2.07B), Petroleum Gas ($1.54B), and Soybeans ($1.38B). The most common import partners for Argentina are Brazil ($9.85B), China ($8.47B), United States ($6.82B), Germany ($2.73B), and Paraguay ($1.74B).
Argentina Exports Services (2018): $14.6B
Argentina Imports Services (2018): $23.7B
In 2018, Argentina exported $14.6B worth of services. The top services exported by Argentina in 2018 were Personal travel ($4.38B), Other business services ($3.98B), Computer and information services ($2.08B), Transportation ($1.81B), and Business travel ($1.18B).
The top services imported by Argentina in 2018 were Personal travel ($8.77B), Transportation ($4.92B), Other business services ($2.98B), Royalties and license fees ($2.03B), and Business travel ($1.9B).
The top product import tariffs by their MFN Ad Valorem value for Argentina are Babies garments, accessories of cotton, knit (35%) and Babies garments, accessories of cotton, not knit (35%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Argentina are:
During the last 20 years Argentina's economy has become relatively less complex, moving from the 42nd to the 60th 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.
Argentina has a high level of specialization in Soybean Oil (109), Soybean Meal (101), Other Vegetable Residues and Waste (61.9), Corn (48.3), and Bran (40.5). Specialization is measured using RCA, an index that takes the ratio between Argentina observed and expected exports in each product.
The highest complexity exports of Argentina according to the product complexity index (PCI) are Wire of alloy steel except stainless steel (1.36), Compression-ignition engines (diesel etc) (1.2), Enzymes, prepared enzymes, nes (1.16), Rubber or plastic accelerator, plasticiser, stabiliser (1.05), and Revolvers and pistols (0.91). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Argentina according to the relatedness index, are Manganese Ore (0.23), Other Oily Seeds (0.22), Tin Ores (0.22), Other Ores (0.21), and Sheep and Goat Meat (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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.
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