Trade Trend

In 2023, Argentina's total export value is 66.70Billion USD, total import value is 73.71Billion USD, Deficit is -7.01Billion USD, and foreign trade dependency is 0.219. In 2023，Argentina's top export products are Commodities not specified according to kind(8.47Billion USD), Maize (corn)(5.68Billion USD), Oilcake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil(4.20Billion USD), top export destinations are Brazil(11.85Billion USD), United States(5.56Billion USD), China(5.17Billion USD). In 2023, Argentina's top import products are Soya beans, whether or not broken(5.62Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(4.35Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.58Billion USD), top import origins are Brazil(17.30Billion USD), China(14.48Billion USD), United States(8.57Billion USD).

Comparing to 2022, Argentina's total export value decreased -21.75Billion USD(-24.59%) in 2023, this could result from its export decreases of products such as Maize (corn)(-2.93Billion USD or -34.05%), Commodities not specified according to kind(-2.90Billion USD or -25.49%), Oilcake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil(-2.85Billion USD or -40.44%) and export decreases to countries/economics such as China(-2.76Billion USD or -34.81%), India(-2.09Billion USD or -46.06%), Netherlands(-2.01Billion USD or -56.37%). Comparing to 2022, Argentina's total import value decreased -7.81Billion USD(-9.58%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-3.18Billion USD or -47.05%), Petroleum gases and other gaseous hydrocarbons(-1.59Billion USD or -37.28%), Fertilizers; mineral or chemical, containing 2 or 3 of the elements nitrogen, phosphorus, potassium; other fertilisers; goods of chapter 31 in tablets or packages of gross weight not exceeding 10kg(-686.23Million USD or -46.01%), and its import decreases from countries/economies such as China(-3.02Billion USD or -17.28%), United States(-1.70Billion USD or -16.52%), Bolivia(-1.03Billion USD or -46.42%).

Cumulated to first 7 months of 2024, Argentina's total export value is 31.67Billion USD, total import value is 22.78Billion USD, and tradesurplus is 8.89Billion USD. Cumulated to first 7 months of 2024, Argentina's top export products are Commodities not specified according to kind(3.87Billion USD), Maize (corn)(2.97Billion USD), Oilcake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil(2.49Billion USD), and top export destinations are Brazil(5.19Billion USD), China(2.50Billion USD), Chile(2.37Billion USD). Cumulated to first 7 months of 2024, Argentina's top import products are Commodities not specified according to kind(3.87Billion USD), Maize (corn)(2.97Billion USD), Oilcake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil(2.49Billion USD), and top import origins areBrazil(5.18Billion USD), China(3.95Billion USD), United States(2.40Billion USD).