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2022
Exports $973MWorld Rnk 65 / 214
Flag Rnk 16 / 1128
2022
Destination $194M Paraguay
2021 - 2022
FASTEST GROWING MARKET $194MUnited States
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $6.79BWorld Rnk 42 / 225
Flag Rnk 1 / 1171
2022
Origin $2.05B United States
2021 - 2022
FASTEST GROWING ORIGIN $2.05BUnited States
2022
ECONOMIC COMPLEXITY of Argentina0.064Rnk 61 / 133

About

Exports In 2022, Argentina exported $973M in Refined Petroleum, making it the 65th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 16th most exported product in Argentina. The main destination of Refined Petroleum exports from Argentina are: Paraguay ($292M), United States ($210M), Ecuador ($104M), Brazil ($94.8M), and Chile ($64M).

The fastest growing export markets for Refined Petroleum of Argentina between 2021 and 2022 were United States ($194M), Brazil ($37.5M), and Belgium ($27.6M).

Imports In 2022, Argentina imported $6.79B in Refined Petroleum, becoming the 42nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Argentina. Argentina imports Refined Petroleum primarily from: United States ($2.57B), Saudi Arabia ($832M), United Arab Emirates ($821M), Netherlands ($555M), and India ($403M).

The fastest growing import markets in Refined Petroleum for Argentina between 2021 and 2022 were United States ($2.05B), Saudi Arabia ($639M), and United Arab Emirates ($508M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
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 Refined Petroleum. 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)$973M
IMPORTS (2022)$6.79B
NET TRADE (2022)-$5.82B

In 2022, Argentina exported $973M in Refined Petroleum. The main destinations of Argentina exports on Refined Petroleum were Paraguay ($292M), United States ($210M), Ecuador ($104M), Brazil ($94.8M), and Chile ($64M).

In 2022, Argentina imported $6.79B in Refined Petroleum, mainly from United States ($2.57B), Saudi Arabia ($832M), United Arab Emirates ($821M), Netherlands ($555M), and India ($403M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Argentina WERE (2021 - 2022):
United States$194M (1.16k%)
Brazil$37.5M (65.4%)
Belgium$27.6M (1.2M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Argentina WERE (2021 - 2022):
South Korea-$19.2M (-100%)
Singapore-$19.1M (-79%)
Dominican Republic-$15.4M (-89%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Argentina's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Argentina's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $263M
TOP IMPORT POTENTIALIndia+ $258M

Refined Petroleum’s highest export potential is United States. With an export gap of $263M.   Refined Petroleum’s highest import potential is India with an import gap of $258M.

See methodology.

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