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 | $19B, 45 of 108 | 40 of 108
Overview In 2020, Argentina was the number 29 economy in the world in terms of GDP (current US$), the number 45 in total exports, the number 54 in total imports, the number 86 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.
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.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
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).
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 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.
The highest complexity exports of Argentina according to the product complexity index (PCI) are Prepared Rubber Accelerators (1.27), Combustion Engines (1.15), Enzymes (1.03), Handguns (0.74), and Natural Polymers (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 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.
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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