Overview: In 2018 Argentina was the number 24 economy in the world in terms of GDP (current US$), the number 49 in total exports, the number 47 in total imports,
the number 66 economy in terms of GDP per capita (current US$) and the number 57 most complex economy according to the Economic Complexity Index (ECI)
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.
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.
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).
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.
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 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.
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.
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.