OVERVIEW

Argentina is a South American country known for its vast natural resources, diverse economy and complex financial history. As one of the largest economies in Latin America, it has experienced cycles of growth and crisis that reflect both great potential and persistent structural challenges due to its historical context, macroeconomic policies and ongoing efforts towards stability and development.

In 2023, Argentina ranked

  • 22nd in terms of GDP, currently valued as $646B, out of 195 economies in the world;
  • 49th in terms of total exports out of 226 countries;
  • 73rd in terms of GDP per capita, valued with current US$, out of 196 economies in the world.

Between February and March 2025, the exports of Argentina have increased by $618M, which equals to a percentage amount of 6.74, while imports decreased by $141M, resulting in a percentage of 2.41.

Lastly, specifically in March 2025, Argentina exported $9.79B and imported $6.01B, resulting in a positive trade balance of $3.78B.

ECONOMIC COMPLEXITY RANKING

EXPORT

The principal products that were exported from Argentina were

  • Soybean Meal - $1.01B;
  • Crude Petroleum - $871M;
  • Corn - $737M;
  • Soybean Oil - $718M;
  • Commodities not elsewhere specified -$662M.

Also, in March 2025 the year-on-year growth phenomenon was primarily due to an increase in exports to

  • Special Categories, with a percentage of 14.9% - $295M;
  • Uruguay, with a percentage of 197% - $286M;
  • United States, with a percentage of 34.1% - $152M.

These increased export values were particularly notable for

  • Crude Petroleum, with a percentage of 35% - $226M;
  • Gold, with a percentage of 64.9% - $206M;
  • Commodities not elsewhere specified, with a percentage of 34.7% - $170M.

IMPORT

The most imported product from other countries to Argentina were

  • Cars - $392M;
  • Motor vehicles; parts and accessories - $324M;
  • Soybeans - $251M;
  • Refined Petroleum - $178M;
  • Telephones - $171M.

Also, in March 2025 the year-on-year growth phenomenon was primarily due to an increase in imports from

  • Brazil, with a percentage of 12.3% - $172M;
  • Germany, with a percentage of 11.7% - $27.4M;
  • Italy, with a percentage of 14.4% - $17.6M.

These increased import values were particularly notable for

  • Delivery Trucks, with a percentage of 46.7% - $45.7M;
  • Mixed Mineral or Chemical Fertilizers, with a percentage of 111% - $35.7M;
  • Aluminum Oxide, with a percentage of 1.75K% - $35.6M.

YEARLY TRADE

During the last five years, the exports of Argentina have increased by $4.49B, from $62.5B in 2018 to $67B in 2023.

The most recent exports are led by

  • Soybean Meal - $7.99B;
  • Corn - $6.56B;
  • Delivery Trucks - $4.75B;
  • Soybean Oil - $4.25B;
  • Crude Petroleum - $3.67B.

The commonest destinations for Argentina’s exports are

  • Brazil - $11.9B;
  • United States - $6.28B;
  • China - $5.28B;
  • Chile - $5.08B;
  • Peru - $2.57B.

CONCLUSIONS

Argentina is a country that has significant natural and human capital but, due to persistent macroeconomic instability, high inflation and recurrent debt crises, it has struggled to achieve sustained growth.

However, over the past five years the country has experienced a notable increase in exports, reflecting a positive outcome and a sign of having economic potential.

This progress highlights the country’s capacity to use its resources despite ongoing structural challenges.

Source: https://oec.world/en

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