Argentina (ARG) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Argentina-Spain Trade: In 2023, Argentina exported $1.43B to Spain. The main products that Argentina exported to Spain were Crustaceans ($304M), Soybean Meal ($279M), and Soybean Oil ($144M). Over the past 5 years the exports of Argentina to Spain have decreased at an annualized rate of 4.55%, from $1.81B in 2018 to $1.43B in 2023.

In 2023, Argentina did not export any services to Spain.

Spain-Argentina Trade: In 2023, Spain exported $1.29B to Argentina. The main products that Spain exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($128M), Refined Petroleum ($67.6M), and Stone Processing Machines ($53.6M). Over the past 5 years the exports of Spain to Argentina have decreased at an annualized rate of 2.26%, from $1.44B in 2018 to $1.29B in 2023.

In 2009, Spain exported services to Argentina worth $1.16B, with Services not allocated ($745M), Travel ($229M), and Transportation ($183M) being the largest in terms of value.

Comparison: In 2023, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Argentina exported $1.43B to Spain. The main products exported from Argentina to Spain were Crustaceans ($304M), Soybean Meal ($279M), and Soybean Oil ($144M). During the last 5 years the exports of Argentina to Spain have decreased at an annualized rate of 4.55%, from $1.81B in 2018 to $1.43B in 2023.

In 2018, Spain exported $1.29B to Argentina. The main products exported from Spain to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($128M), Refined Petroleum ($67.6M), and Stone Processing Machines ($53.6M). During the last 5 years the exports of Spain to Argentina have decreased at an annualized rate of 2.26%, from $1.44B in 2023 to $1.29B in 2018.

Exports from Argentina () to Spain () (2023)

Exports from Spain () to Argentina () (2023)

Latest Data

Trade between Argentina () and Spain ()

Argentina Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.1B

Spain
Top DestinationFrance$61.9B

This map shows whether countries import more from Argentina or Spain. Each country is colored based on the difference in imports they receive from Argentina and Spain or the difference in the growth in imports.

In 2023, countries that imported more from Argentina than Spain included Brazil ($12.1B), Chile ($5.57B), and Peru ($2.55B).

In 2023, countries that imported more from Spain than Argentina included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

Difference in imports from Spain () and Argentina () (2023)

Comparative Advantage Argentina - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Argentina and Spain by product, considering products traded by both, Argentina and Spain.

During 2023, Argentina had a large net trade with Spain in the exports of Animal Products ($427M), Foodstuffs ($369M), and Animal and Vegetable Bi-Products ($213M).

During 2018, Spain had a large net trade with Argentina in the exports of Machines ($323M), Chemical Products ($305M), and Transportation ($180M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Argentina Spain+$20.2MCorn

Top Product Potential Spain Argentina+$46.9MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Argentina and Spain. This means that a dot/product with the flag of Argentina indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Argentina.

About

Historical Data

Bilateral Trade by Products

Exports from Argentina () to Spain () (2023)

Exports from Spain () to Argentina () (2023)

Latest Data

Trade between Argentina () and Spain ()

Argentina Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Argentina () (2023)

Comparative Advantage Argentina - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Argentina () and Spain () (2023)

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