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Exporting to Argentina

Argentina Export Guide | Trade Finance Global

Exporting to Argentina

Argentina is located in South America and sits at position 42 in exports and is majorly in exports machinery, organic chemicals, motor vehicles, natural gas, plastics and petroleum. The capital city is Buenos Aires and they have exports of around $71billion. The main export partner countries are Brazil (around 26%) US (around 15%), Germany (around 4%) and China (around 11%). The top products of export are petroleum gas ($5B), cars (around $7B), petroleum gas (around $5B), refined petroleum ($4.5B), vehicle parts (around $4B) and telephones (around $2.5B).

Argentina sits as the fourty-sixth largest export economy in the world and the fifty-third most complex economy according to the Economic Complexity Index (ECI). It is very complex due in large part to difficult import restrictions, restriction on access to foreign currency and a high level of inflation of around 20%. Argentina exported around $75B and imported around $73B, with a positive trade balance of around $3.2B. The GDP of around Argentina was around $605B and its GDP per capita was around $14.5k.

Argentina Country Profile

Official Name (Local Language)Republica Argentina
CapitalBuenos Aires
Population43,886,748
CurrencyArgentine Peso
GDP$541.7 billion
LanguagesSpanish
Telephone Dial In54

Argentina Imports Profile

Imports ($m USD)

66,899

Number of Import Products

4,102

Number of Import Partners

185

Top 5 import partners

Country

Trade

%

Brazil

17,87

26.71

China

12,314

18.41

United States

7,635

11.41

Germany

3,229

4.83

Mexico

2,081

3.11

Top 5 Import Products at HS 6 digit level

Export product

Number

Automobiles with reciprocating piston engine di

9.4%

Petroleum oils, etc, (excl. crude); preparation

4.2%

Automobiles with reciprocating piston engine di

3.4%

Parts of electrical apparatus for line telephon

3.3%

Natural gas in gaseous state

3.1%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Argentina

Agriculture

%

Product list

4%

Sunflower seeds, lemons, soybeans, grapes, corn, tobacco, peanuts, tea, wheat; livestock

Industry

%

Industry list

30.2%

Food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel

Services

%

Services list

58.4%

NA

Exporting to Argentina: What is trade finance?

Argentina is located in South America and sits at position 42 in exports and is majorly in exports machinery, organic chemicals, motor vehicles, natural gas, plastics and petroleum. The capital city is Buenos Aires and they have exports of around $71billion. The main export partner countries are Brazil (around 26%) US (around 15%), Germany (around 4%) and China (around 11%). The top products of export are petroleum gas ($5B), cars (around $7B), petroleum gas (around $5B), refined petroleum ($4.5B), vehicle parts (around $4B) and telephones (around $2.5B).

Argentina sits as the fourty-sixth largest export economy in the world and the fifty-third most complex economy according to the Economic Complexity Index (ECI). It is very complex due in large part to difficult import restrictions, restriction on access to foreign currency and a high level of inflation of around 20%. Argentina exported around $75B and imported around $73B, with a positive trade balance of around $3.2B. The GDP of around Argentina was around $605B and its GDP per capita was around $14.5k.

The main exports of Argentina are Soybean Meal (around $10B), Corn (around $5B), Soybean Oil (around $4B), Cars (around $4B) and Delivery Trucks (around $4B). Geographically, Argentina sits on the edge of Chile, Brazil, Bolivia, Paraguay and Uruguay by land and the Falkland Islands by sea.

Information

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Argentina Economic Statistics

Government Website

https://www.argentina.gob.ar/

Sovereign Ratings

https://countryeconomy.com/ratings/argentina

Central Bank

Banco Central de la República Argentina

Currency USD Exchange Rate

14.92

Unemployment Rate

0,08

Population below poverty line

32.2%

Inflation Rate

42.8%

Prime Lending Rate

32.3%

GDP

$541.7 billion

GDP Pro Capita (PPP)

$20,200

Currency Name

Argentine Peso

Currency Code

ARS

World Bank Classification

Upper Middle Income

Competitive Industrial Performance

104/138

Corruption Perceptions Index

85/180

Ease of Doing Business

119/190

Enabling Trade Index

94/136

Currency in Argentina

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