2022
Exports
$6.21BWorld Rnk 61 / 216
Flag Rnk 5 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$12BWorld Rnk 50 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Argentina
0.064Rnk 61 / 133

About

Exports In 2022, Argentina exported $6.21B in Mineral fuels, mineral oils and products of their distillation, making it the 61st largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 5th most exported product in Argentina. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Argentina are: United States ($2.55B), Brazil ($1.12B), Chile ($1.09B), Netherlands ($309M), and Paraguay ($303M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Argentina between 2021 and 2022 were United States ($1.63B), Chile ($739M), and China ($117M).

Imports In 2022, Argentina imported $12B in Mineral fuels, mineral oils and products of their distillation, becoming the 50th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Argentina. Argentina imports Mineral fuels, mineral oils and products of their distillation primarily from: United States ($4.35B), Bolivia ($1.34B), Saudi Arabia ($832M), United Arab Emirates ($821M), and Brazil ($702M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Argentina between 2021 and 2022 were United States ($3.03B), Saudi Arabia ($639M), and Brazil ($633M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.21B
IMPORTS (2022)$12B
NET TRADE (2022)-$5.83B

In 2022, Argentina exported $6.21B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Argentina exports on Mineral fuels, mineral oils and products of their distillation were United States ($2.55B), Brazil ($1.12B), Chile ($1.09B), Netherlands ($309M), and Paraguay ($303M).

In 2022, Argentina imported $12B in Mineral fuels, mineral oils and products of their distillation, mainly from United States ($4.35B), Bolivia ($1.34B), Saudi Arabia ($832M), United Arab Emirates ($821M), and Brazil ($702M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Argentina WERE (2021 - 2022):
United States$1.63B (179%)
Chile$739M (212%)
China$117M (272%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Argentina WERE (2021 - 2022):
Brazil-$214M (-16.1%)
United Arab Emirates-$75.9M (-99.9%)
Singapore-$34.4M (-87.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
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In 2022, Argentina's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Argentina's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $717M
TOP IMPORT POTENTIALIndia+ $259M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is United States. With an export gap of $717M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is India with an import gap of $259M.

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