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2022
Flag → Flag
Exports $360MRnk 49 / 215
2022
Flag → Flag
Top Product $58.9MIron Ore
2022
Flag → Flag
Exports $706MRnk 29 / 168
2022
Flag → Flag
Top Product $133MSilver
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186

About

Canada-Argentina Trade: In 2022, Canada exported $360M to Argentina. The main products that Canada exported to Argentina were Iron Ore ($58.9M), Packaged Medicaments ($32.7M), and Refined Petroleum ($24.6M). Over the past 5 years the exports of Canada to Argentina have decreased at an annualized rate of 5.73%, from $484M in 2017 to $360M in 2022.

In 2020, Canada exported services to Argentina worth $37.3M, with Travel ($11.9M), Royalties and license fees ($7.46M), and Transportation ($5.22M) being the largest in terms of value.

Argentina-Canada Trade: In 2022, Argentina exported $706M to Canada. The main products that Argentina exported to Canada were Silver ($133M), Iron Pipes ($98.2M), and Steel Ingots ($89.8M). Over the past 5 years the exports of Argentina to Canada have decreased at an annualized rate of 12.4%,  from $1.37B in 2017 to $706M in 2022.

In 2022, Argentina did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$26.1M and imported C$259M from Argentina, resulting in a negative trade balance of C$233M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-13.7M (-34.4%) from C$39.8M to C$26.1M, while imports increased by C$139M (116%) from C$120M to C$259M.

Trade In August 2024, the top exports of Canada to Argentina were Centrifuges (C$3M), Dried Legumes (C$2M), Other Agricultural Machinery (C$1.36M), Spark-Ignition Engines (C$1.18M), and Liquid Pumps (C$908k). In August 2024 the top imports of Canada from Argentina were Soybean Oil (C$42.9M), Gold (C$22.5M), Silver (C$13.8M), Wine (C$6.93M), and Iron Pipes (C$3.37M).

Origins In August 2024 the exports of Canada were mainly from Quebec (C$10.3M), Ontario (C$10M), Alberta (C$3.35M), British Columbia (C$1.51M), and Manitoba (C$572k), while imports destinations were mainly Newfoundland Labrador (C$123M), Ontario (C$72.6M), Quebec (C$55M), British Columbia (C$3.13M), and Alberta (C$2.47M).

Growth In August 2024, the decrease in Canada's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Packaged Medicaments (C$-5.68M or -92.4%), Newsprint (C$-1.05M or -87.2%), and Synthetic Rubber (C$-727k or -85.9%). In August 2024, the increase in Canada's year-by-year imports  from Argentina was explained primarily by an increase in product imports  in Gold (C$7.16M or 46.7%), Silver (C$4.67M or 51.5%), and Iron Pipes (C$2.6M or 335%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-13.7M(-34.4%)
IMPORT GROWTH (August 2023 - August 2024)C$139M(116%)
MAIN EXPORTER (August 2024)QuebecC$10.3M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Argentina and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Argentina and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $360M to Argentina. The main products exported from Canada to Argentina were Iron Ore ($58.9M), Packaged Medicaments ($32.7M), and Refined Petroleum ($24.6M). During the last 5 years the exports of Canada to Argentina have decreased at an annualized rate of 5.73%, from $484M in 2017 to $360M in 2022.

In 2017, Argentina exported $706M to Canada. The main products exported from Argentina to Canada were Silver ($133M), Iron Pipes ($98.2M), and Steel Ingots ($89.8M). During the last 5 years the exports of Argentina to Canada have decreased at an annualized rate of 12.4%, from $1.37B in 2022 to $706M in 2017.

Exports from Canada (Flag) to Argentina (Flag) (2022)

Exports from Argentina (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Argentina
Top DestinationBrazil$12.6B

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

In 2022, countries that imported more from Canada than Argentina included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Argentina than Canada included Brazil ($12.6B), Chile ($5.11B), and Vietnam ($3.25B).

Difference in imports from Argentina (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Argentina

Flow
Scale

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

During 2022, Canada had a large net trade with Argentina in the exports of Machines ($108M), Mineral Products ($86.9M), and Chemical Products ($71.3M).

During 2017, Argentina had a large net trade with Canada in the exports of Metals ($244M), Precious Metals ($191M), and Foodstuffs ($80.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Argentina+$33.7MRefined Petroleum
Top Product Potential Argentina Canada+$9.13MGold

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

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

Product Space of Canada (Flag) and Argentina (Flag) (2022)

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