Importing from Argentina

Argentina Import Guide | Trade Finance Global

Importing from Argentina

Argentina sits as the world’s twenty-fifth largest economy in the world and is the second largest in South America. The Gross Domestic Product (GDP) per capita is ranked as the second highest in South America. Argentina is ranked at position forty-four in exports.

Imports from Buenos Aires are around $85B with the main countries of import being China (around 7%), Brazil (20%), Chile (6%) and UK (around 5%). The main commodities of import are vehicles, corn, wheat, soybeans, gas and petroleum. There are more products exported from Argentina than imported, which has resulted in a small positive trade balance. The GDP of Argentina was around $610B and the GDP per capita was over $14k.

Argentina Country Profile

Official Name (Local Language) Republica Argentina
Capital Buenos Aires
Population 43,886,748
Currency Argentine Peso
GDP $541.7 billion
Languages Spanish
Telephone Dial In 54

Argentina Exports Profile

Exports ($m USD)

58,384

Number of Export Products

3,335

Number of Export Partners

182

Top 5 export partners

Country

Trade

% Partner Share

Brazil

9,307

15.94

United States

4,517

7.74

China

4,325

7.41

Chile

2,621

4.49

Vietnam

2,272

3.89

Top 5 Export Products at HS 6 digit level

Export Product

Number

Oil-cake and other solid residues, of soya-bean

15.6%

Maize (excl. seed)

6.7%

Crude soya-bean oil

6.4%

Diesel powered trucks with a GVW not exceeding

5.6%

Soya beans

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%

Importing from Argentina: What is trade finance?

Argentina sits as the world’s twenty-fifth largest economy in the world and is the second largest in South America. The Gross Domestic Product (GDP) per capita is ranked as the second highest in South America. Argentina is ranked at position forty-four in exports.

Imports from Buenos Aires are around $85B with the main countries of import being China (around 7%), Brazil (20%), Chile (6%) and UK (around 5%). The main commodities of import are vehicles, corn, wheat, soybeans, gas and petroleum. There are more products exported from Argentina than imported, which has resulted in a small positive trade balance. The GDP of Argentina was around $610B and the GDP per capita was over $14k.

Information

Importing from Argentina? Contact our local experts

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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