2022
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GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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 GDP
$633BCURRENT US$
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2012-2022
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GDP GROWTH
15.9%CURRENT US$
Rnk 134 / 186
2022
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GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC
$13,686CURRENT US$
Rnk 65 / 186
2012-2022
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GDP PC GROWTH
4.61%CURRENT US$
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About

Russia-Argentina Trade: In 2022, Russia exported $242M to Argentina. The main products that Russia exported to Argentina were Nitrogenous Fertilizers ($91.7M), Refined Petroleum ($39.2M), and Mixed Mineral or Chemical Fertilizers ($32.2M). Over the past 5 years the exports of Russia to Argentina have decreased at an annualized rate of 2.67%, from $278M in 2017 to $242M in 2022.

In 2020, Russia exported services to Argentina worth $1.91M, with Transportation ($795k), Other business services ($736k), and Royalties and license fees ($218k) being the largest in terms of value.

Argentina-Russia Trade: In 2022, Argentina exported $342M to Russia. The main products that Argentina exported to Russia were Edible Offal ($70.7M), Butter ($44.5M), and Citrus ($38.5M). Over the past 5 years the exports of Argentina to Russia have decreased at an annualized rate of 10%,  from $579M in 2017 to $342M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $242M to Argentina. The main products exported from Russia to Argentina were Nitrogenous Fertilizers ($91.7M), Refined Petroleum ($39.2M), and Mixed Mineral or Chemical Fertilizers ($32.2M). During the last 5 years the exports of Russia to Argentina have decreased at an annualized rate of 2.67%, from $278M in 2017 to $242M in 2022.

In 2017, Argentina exported $342M to Russia. The main products exported from Argentina to Russia were Edible Offal ($70.7M), Butter ($44.5M), and Citrus ($38.5M). During the last 5 years the exports of Argentina to Russia have decreased at an annualized rate of 10%, from $579M in 2022 to $342M in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Argentina
Top Destination
Brazil$12.6B

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

In 2022, countries that imported more from Russia than Argentina included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Argentina than Russia included Brazil ($12.6B), Chile ($5.11B), and Peru ($2.49B).

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

Comparative Advantage Russia - Argentina

Flow
Scale

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

During 2022, Russia had a large net trade with Argentina in the exports of Chemical Products ($156M), Mineral Products ($44.2M), and Plastics and Rubbers ($16.7M).

During 2017, Argentina had a large net trade with Russia in the exports of Animal Products ($225M), Vegetable Products ($104M), and Foodstuffs ($6.86M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Argentina+$11.9kRefined Petroleum
Top Product Potential Argentina Russia+$7.89kCars

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

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

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