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2023
Flag → Flag
Exports $1.4BRnk 53 / 220
2023
Flag → Flag
Top Product $223MRefined Petroleum
2023
Flag → Flag
Exports $2.62BRnk 5 / 168
2023
Flag → Flag
Top Product $1.52BSoybean Oil
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$14,187CURRENT US$
Rnk 73 / 196
2013-2023
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GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195

About

India-Argentina Trade: In 2023, India exported $1.4B to Argentina. The main products that India exported to Argentina were Refined Petroleum ($223M), Motorcycles and cycles ($88.9M), and Nucleic Acids ($71.6M). Over the past 5 years the exports of India to Argentina have increased at an annualized rate of 9.58%, from $887M in 2018 to $1.4B in 2023.

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

Argentina-India Trade: In 2023, Argentina exported $2.62B to India. The main products that Argentina exported to India were Soybean Oil ($1.52B), Seed Oils ($529M), and Gold ($303M). Over the past 5 years the exports of Argentina to India have increased at an annualized rate of 9.57%,  from $1.66B in 2018 to $2.62B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $54.9M and imported $318M from Argentina, resulting in a negative trade balance of $263M. Between November 2023 and November 2024 the exports of India have decreased by $-83.9M (-60.4%) from $139M to $54.9M, while imports increased by $210M (195%) from $108M to $318M.

Trade In November 2024, the top exports of India to Argentina were Agro Chemicals ($20.3M), Plastic Raw Materials ($6.85M), Organic Chemicals ($4.05M), Residul Chemicl And Alled Prod ($3.51M), and Two And Three Wheelers ($2.38M). In November 2024 the top imports of India from Argentina were Vegetable Oils ($260M), Other Cereals ($29.5M), Petroleum Products ($19.2M), Residul Chemicl And Alled Prod ($2.9M), and Finished Leather ($2.03M).

Growth In November 2024, the decrease in India's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Manmade Yarn,Fabrics,Madeups ($-7.86M or -83.3%), Two And Three Wheelers ($-6.59M or -73.5%), and Cotton Yarn ($-2.48M or -97%). In November 2024, the increase in India's year-by-year imports  from Argentina was explained primarily by an increase in product imports  in Petroleum Products ($19.2M or 4.04M%), Bulk Drugs, Drug Intermediates ($455k or 418%), and Residul Chemicl And Alled Prod ($379k or 15%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-83.9M(-60.4%)
IMPORT GROWTH (November 2023 - November 2024)$210M(195%)

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

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

For full datasets download visit Bulk Download page.

Explore Argentina and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $1.4B to Argentina. The main products exported from India to Argentina were Refined Petroleum ($223M), Motorcycles and cycles ($88.9M), and Nucleic Acids ($71.6M). During the last 5 years the exports of India to Argentina have increased at an annualized rate of 9.58%, from $887M in 2018 to $1.4B in 2023.

In 2018, Argentina exported $2.62B to India. The main products exported from Argentina to India were Soybean Oil ($1.52B), Seed Oils ($529M), and Gold ($303M). During the last 5 years the exports of Argentina to India have increased at an annualized rate of 9.57%, from $1.66B in 2023 to $2.62B in 2018.

Exports from India (Flag) to Argentina (Flag) (2023)

Exports from Argentina (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from India than Argentina included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

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

Difference in imports from Argentina (Flag) and India (Flag) (2023)

Comparative Advantage India - Argentina

Flow
Scale

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

During 2023, India had a large net trade with Argentina in the exports of Chemical Products ($461M), Machines ($251M), and Mineral Products ($226M).

During 2018, Argentina had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($2.05B), Precious Metals ($303M), and Wood Products ($82.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Argentina+$258MRefined Petroleum
Top Product Potential Argentina India+$130MGold

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 India and Argentina. This means that a dot/product with the flag of India indicates it has a comparative advantage over Argentina. Similarly, a dot/product with the flag of Argentina indicates it has a comparative advantage over India.

Product Space of India (Flag) and Argentina (Flag) (2023)

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