Argentina2020 Economic Complexity : 0.087, Rank 53 of 127
2020 Product Exports | Imports: $54.6B | $42.1B, 45 of 226 | 54 of 226
2020 Per Capita Product Exports | Imports: $1.2k | $927, 102 of 219 | 155 of 219
2019 Service Exports | Imports : $14B | $19B, 24 of 76 | 23 of 76
Overview In 2020 Argentina was the number 29 economy in the world in terms of GDP (current US$), 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.
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.
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.
Top Export (2020): Oil-cake and other solid residues; whether or not ground or in..., $7.89B
Top Destination (2020): Brazil, $8.57B
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).
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).
Argentina has a high level of specialization in Soya-bean oil and its fractions; whether or not refined, but not chemically modified (114), Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil (98.5), 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 (68.2), Ground-nuts; not roasted or otherwise cooked, whether or not shelled or broken (66), and Maize (corn) (51.8). 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 Prepared rubber accelerators; compound plasticisers for rubber or plastics, n.e.c. or included; anti-oxidising preparations and other compound stabilisers for rubber or plastics (1.27), Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) (1.15), Enzymes; prepared enzymes not elsewhere specified or included (1.03), Revolvers and pistols; other than those of heading no. 9303 or 9304 (0.74), and Natural polymers (e.g. alginic acid) and modified natural polymers (e.g. hardened proteins, chemical derivatives of natural rubber), n.e.c. or included, in primary forms (0.69). 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 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.
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.
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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