Flag Argentina

Econ Complexity (2018): 0.22, Rank 57 of 137

Product Exports (2018): $60.8B, Rank 49 of 222

Exports Per Capita (2018): $1.37k, Rank 178 of 219

Product Imports (2018): $62.5B, Rank 47 of 221

Imports Per Capita (2018): $1.4k, Rank 197 of 219

Service Exports (2018): $14.6B, Rank 25 of 88

Service Imports (2018): $23.7B, Rank 24 of 88

GDP (2018): $520B, CURRENT US$
Rank 24 of 196

GDP growth (2008 - 2018): 43.8%, CURRENT US$
Rank 91 of 196

GDP PC (2018): $11,684, CURRENT US$
Rank 66 of 196

GDP PC GROWTH (2008 - 2018): 29.5%, CURRENT US$
Rank 83 of 196

Overview: In 2018 Argentina was the number 24 economy in the world in terms of GDP (current US$), the number 49 in total exports, the number 47 in total imports, and the number 57 most complex economy according to the Economic Complexity Index (ECI). In 2018, Argentina exported $60.8B and imported $62.5B, resulting in a negative trade balance of -$1.7B. In 2018, Argentina's exports per capita were $1.37k and its imports per capita were $1.4k.

Trade: The top exports of Argentina are Soybean Meal ($9.2B), Corn ($4.44B), Delivery Trucks ($3.94B), Soybean Oil ($2.95B), and Wheat ($2.49B). The top imports of Argentina are Cars ($5.05B), Refined Petroleum ($2.93B), Vehicle Parts ($2.85B), Petroleum Gas ($2.4B), and Soybeans ($2.36B).

Destinations: Argentina exports mostly to Brazil ($11B), China ($4.34B), United States ($4.23B), Chile ($3.05B), and Vietnam ($2.08B), and imports mostly from Brazil ($15B), China ($10.8B), United States ($8.21B), Germany ($3.47B), and Paraguay ($1.73B).

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

Product Exports

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Depth
Value

Top Export (2018): Soybean Meal, $9.2B

Top Destination (2018): Brazil, $11B

In 2018 Argentina exported a total of $60.8B, making it the number 49 exporter in the world. During the last five reported years the exports of Argentina have changed by -$17B from $77.7B in 2013 to $60.8B in 2018.

The most recent exports are led by Soybean Meal ($9.2B), Corn ($4.44B), Delivery Trucks ($3.94B), Soybean Oil ($2.95B), and Wheat ($2.49B). The most common destination for the exports of Argentina are Brazil ($11B), China ($4.34B), United States ($4.23B), Chile ($3.05B), and Vietnam ($2.08B).

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Product Imports

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Depth
Value

Top Import (2018): Cars, $5.05B

Top Origin (2018): Brazil, $15B

In 2018 Argentina imported $62.5B, making it the number 47 trade destination in the world. During the last five reported years the imports of Argentina changed by -$11B from $73.5B in 2013 to $62.5B in 2018.

The most recent imports of Argentina are led by Cars ($5.05B), Refined Petroleum ($2.93B), Vehicle Parts ($2.85B), Petroleum Gas ($2.4B), and Soybeans ($2.36B). The most common import partners for Argentina are Brazil ($15B), China ($10.8B), United States ($8.21B), Germany ($3.47B), and Paraguay ($1.73B).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Argentina. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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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.

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*The tariffs applied to imports for Argentina are:
3: AAP.A14TM N掳 6 (Argentina Brasil Uruguay) Acuerdo de Alcance Parcial de Cooperaci贸n e Intercambio de Bienes utilizados en la Defensa y Protecci贸n del Medio Ambiente
23: AAP.AG N掳 02 - Acuerdo de Alcance Parcial para la Liberaci贸n y Expansi贸n del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
26: AAP.CE N掳 13 - Complementaci贸n Econ贸mica entre Argentina y Paraguay
27: AAP.CE N掳 14 Acuerdo de Complementaci贸n Econ贸mica N掳 14 celebrado entre la Rep煤blica Argentina y la Rep煤blica Federativa del Brasil
28: AAP.CE N掳 18 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay y Uruguay
35: AAP.CE N掳 35 - Complementaci贸n Econ贸mica entre MERCOSUR y Chile
36: AAP.CE N掳 36 - Complementaci贸n Econ贸mica entre MERCOSUR y Bolivia
50: AAP.CE N掳 55 Acuerdo de Complementaci贸n Econ贸mica N掳 55 celebrado entre el MERCOSUR y los Estados Unidos Mexicanos
51: AAP.CE N掳 57 Acuerdo de Alcance Parcial de Complementaci贸n Econ贸mica N掳 57 Suscrito entre la Rep煤blica Argentina y la Rep煤blica Oriental del Uruguay
60: AAP.CE N掳 58 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay, Uruguay y Per煤
61: AAP.CE N掳 59 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay, Uruguay, Colombia, Ecuador y Venezuela
62: AAP.CE N掳 6 Acuerdo de Complementaci贸n Econ贸mica N掳 6
64: AAP.CE N掳 62 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay, Uruguay y Cuba
70: AAP.CE N潞 68 Acuerdo de Alcance Parcial de Complementaci贸n Econ贸mica N掳 68 entre la Rep煤blica Argentina y la Rep煤blica Bolivariana de Venezuela
79: AR.AM N掳 01 - Acuerdo Regional de Apertura de Mercados en Favor de Bolivia
80: AR.AM N掳 02 - Acuerdo Regional de Apertura de Mercados en favor de Ecuador
81: AR.AM N掳 03 - Acuerdo Regional de Apertura de Mercados en Favor de Paraguay
82: AR.CEYC N掳 7 Acuerdo de Cooperaci贸n e Intercambio en las 脕reas Cultural, Educacional y Cient铆fica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, M茅xico, Panam谩, Paraguay, Per煤, Uruguay)
83: AR.PAR N掳 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador M茅xico Panam谩 Paraguay Per煤 Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement
239: Preferential tariff for India
244: Preferential tariff for Israel
269: Preferential tariff for MERCOSUR countries (Southern Common Market)
336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries

Economic Complexity

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Economic Complexity Ranking

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Scale

During the last 20 years Argentina's鈦 鈦╡conomy has become relatively less complex, moving from the 鈦┾仺39th to the 57th鈦 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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Most Specialized Products by RCA Index

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Argentina has a high level of specialization in Soybean Meal (103), Soybean Oil (102), Other Vegetable Residues and Waste (76.9), Horse Meat (41.7), and Bran (40.5). Specialization is measured using RCA, an index that takes the ratio between Argentina observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Argentina according to the product complexity index (PCI) are Hormones, derivatives, steroids nes used as hormones (1.29), Wire of alloy steel except stainless steel (1.26), Rubber or plastic accelerator, plasticiser, stabiliser (1.22), Compression-ignition engines (diesel etc) (1.2), and Enzymes, prepared enzymes, nes (1.12). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Argentina according to the relatedness index, are Iron Ore (0.23), Other Ores (0.22), Manganese Ore (0.22), Sheep and Goat Meat (0.21), and Crude Petroleum (0.21). 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.

Diversification Frontier

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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.