Flag Argentina

2019
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.

Yearly Exports

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Value
Depth

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).

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Yearly Imports

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Value
Depth

Top Import (2019): Cars, $2.33B

Top Origin (2019): Brazil, $9.85B

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).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

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42nd to the 60th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 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.

Most Complex Products by PCI

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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.

Export Opportunities by Relatedness

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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.

Diversification Frontier

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Depth

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.