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 Soybean Meal ($7.89B), Corn ($6.46B), Soybean Oil ($3.9B), Soybeans ($2.31B), and Delivery Trucks ($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 Soybean Meal ($7.89B), Soybean Oil ($3.9B), Ground Nuts ($875M), Bran ($276M), and Other Vegetable Residues and Waste ($229M)

Imports The top imports of Argentina are Cars ($1.77B), Soybeans ($1.76B), Motor vehicles; parts and accessories (8701 to 8705) ($1.71B), Refined Petroleum ($1.25B), and Petroleum Gas ($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.

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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.

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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.

Historical Data

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Top Export (2020): Soybean Meal, $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 Soybean Meal ($7.89B), Corn ($6.46B), Soybean Oil ($3.9B), Soybeans ($2.31B), and Delivery Trucks ($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).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

Economic Complexity

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Most Specialized Products by RCA Index

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Argentina has a high level of specialization in Soybean Oil (114), Soybean Meal (98.5), Other Vegetable Residues and Waste (68.2), Ground Nuts (66), and Corn (51.8). Specialization is measured using RCA, an index that takes the ratio between Argentina observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Argentina according to the relatedness index, are Manganese Ore (0.23), Sheep and Goat Meat (0.21), Other Oily Seeds (0.2), Other Ores (0.2), and Iron Ore (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.

Relatedness Space

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This network shows the products most related to the production structure of Argentina. These are products that tend to be co-exported with the products that Argentina exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.

Economic Complexity Ranking

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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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