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2023
Flag → Flag
Exports $1.77BRnk 56 / 219
2023
Flag → Flag
Top Product $205MRefined Petroleum
2023
Flag → Flag
Exports $1.05BRnk 16 / 168
2023
Flag → Flag
Top Product $497MSoybean Meal
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195

About

Italy-Argentina Trade: In 2023, Italy exported $1.77B to Argentina. The main products that Italy exported to Argentina were Refined Petroleum ($205M), Packaged Medicaments ($99.4M), and Washing and Bottling Machines ($61.1M). Over the past 5 years the exports of Italy to Argentina have increased at an annualized rate of 2.69%, from $1.55B in 2018 to $1.77B in 2023.

In 2020, Italy exported services to Argentina worth $233M, with Travel ($90.2M), Other business services ($52M), and Transportation ($25.7M) being the largest in terms of value.

Argentina-Italy Trade: In 2023, Argentina exported $1.05B to Italy. The main products that Argentina exported to Italy were Soybean Meal ($497M), Crustaceans ($122M), and Soybean Oil ($51.4M). Over the past 5 years the exports of Argentina to Italy have decreased at an annualized rate of 2.67%,  from $1.2B in 2018 to $1.05B in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €79.8M and imported €108M from Argentina, resulting in a negative trade balance of €28.5M. Between October 2023 and October 2024 the exports of Italy have increased by €20.7M (35%) from €59.1M to €79.8M, while imports increased by €24.5M (29.2%) from €83.8M to €108M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€20.7M(35%)
IMPORT GROWTH (October 2023 - October 2024)€24.5M(29.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Argentina and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $1.77B to Argentina. The main products exported from Italy to Argentina were Refined Petroleum ($205M), Packaged Medicaments ($99.4M), and Washing and Bottling Machines ($61.1M). During the last 5 years the exports of Italy to Argentina have increased at an annualized rate of 2.69%, from $1.55B in 2018 to $1.77B in 2023.

In 2018, Argentina exported $1.05B to Italy. The main products exported from Argentina to Italy were Soybean Meal ($497M), Crustaceans ($122M), and Soybean Oil ($51.4M). During the last 5 years the exports of Argentina to Italy have decreased at an annualized rate of 2.67%, from $1.2B in 2023 to $1.05B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from Italy than Argentina included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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

Comparative Advantage Italy - Argentina

Flow
Scale

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

During 2023, Italy had a large net trade with Argentina in the exports of Machines ($773M), Chemical Products ($286M), and Mineral Products ($227M).

During 2018, Argentina had a large net trade with Italy in the exports of Foodstuffs ($533M), Animal Products ($206M), and Vegetable Products ($127M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Argentina+$58.6MRefined Petroleum
Top Product Potential Argentina Italy+$52.7MCrude Petroleum

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

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

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