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.
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.
*The tariffs applied to imports for Argentina are:3: AAP.A14TM N° 6 (Argentina Brasil Uruguay) Acuerdo de Alcance Parcial de Cooperación e Intercambio de Bienes utilizados en la Defensa y Protección del Medio Ambiente23: AAP.AG N° 02 - Acuerdo de Alcance Parcial para la Liberación y Expansión del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM8026: AAP.CE N° 13 - Complementación Económica entre Argentina y Paraguay27: AAP.CE N° 14 Acuerdo de Complementación Económica N° 14 celebrado entre la República Argentina y la República Federativa del Brasil28: AAP.CE N° 18 - Complementación Económica entre Argentina, Brasil, Paraguay y Uruguay35: AAP.CE N° 35 - Complementación Económica entre MERCOSUR y Chile36: AAP.CE N° 36 - Complementación Económica entre MERCOSUR y Bolivia50: AAP.CE N° 55 Acuerdo de Complementación Económica N° 55 celebrado entre el MERCOSUR y los Estados Unidos Mexicanos51: AAP.CE N° 57 Acuerdo de Alcance Parcial de Complementación Económica N° 57 Suscrito entre la República Argentina y la República Oriental del Uruguay60: AAP.CE N° 58 - Complementación Económica entre Argentina, Brasil, Paraguay, Uruguay y Perú61: AAP.CE N° 59 - Complementación Económica entre Argentina, Brasil, Paraguay, Uruguay, Colombia, Ecuador y Venezuela62: AAP.CE N° 6 Acuerdo de Complementación Económica N° 664: AAP.CE N° 62 - Complementación Económica entre Argentina, Brasil, Paraguay, Uruguay y Cuba70: AAP.CE Nº 68 Acuerdo de Alcance Parcial de Complementación Económica N° 68 entre la República Argentina y la República Bolivariana de Venezuela79: AR.AM N° 01 - Acuerdo Regional de Apertura de Mercados en Favor de Bolivia80: AR.AM N° 02 - Acuerdo Regional de Apertura de Mercados en favor de Ecuador81: AR.AM N° 03 - Acuerdo Regional de Apertura de Mercados en Favor de Paraguay82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)136: Most Favoured Nation duty rate treatement239: Preferential tariff for India244: Preferential tariff for Israel269: Preferential tariff for MERCOSUR countries (Southern Common Market)336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries
During the last 20 years Argentina's economy has become relatively less complex, moving from the 39th to the 57th 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 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.
Argentina
