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2022
Flag → Flag
Exports $657MRnk 62 / 220
2022
Flag → Flag
Top Product $82.4MRefined Petroleum
2022
Flag → Flag
Exports $1.96BRnk 10 / 168
2022
Flag → Flag
Top Product $1.31BCorn
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
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GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$13,686CURRENT US$
Rnk 65 / 186
2012-2022
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GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186

About

South Korea-Argentina Trade: In 2022, South Korea exported $657M to Argentina. The main products that South Korea exported to Argentina were Refined Petroleum ($82.4M), Motor vehicles; parts and accessories (8701 to 8705) ($62.6M), and Planes, Helicopters, and/or Spacecraft ($29.4M). Over the past 5 years the exports of South Korea to Argentina have decreased at an annualized rate of 5.82%, from $887M in 2017 to $657M in 2022.

In 2022, South Korea did not export any services to Argentina.

Argentina-South Korea Trade: In 2022, Argentina exported $1.96B to South Korea. The main products that Argentina exported to South Korea were Corn ($1.31B), Soybean Oil ($233M), and Soybean Meal ($102M). Over the past 5 years the exports of Argentina to South Korea have increased at an annualized rate of 30.5%,  from $517M in 2017 to $1.96B in 2022.

In 2022, Argentina did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $32.8M and imported $192M from Argentina, resulting in a negative trade balance of $160M. Between July 2023 and July 2024 the exports of South Korea have decreased by $-26.7M (-44.9%) from $59.5M to $32.8M, while imports increased by $111M (137%) from $81M to $192M.

Trade In July 2024, the top exports of South Korea to Argentina were Machinery, mechanical appliances, & parts ($7.21M), Cars, tractors, trucks & parts thereof. ($5.42M), Plastics & articles thereof ($5.11M), Organic chemicals ($2.87M), and Optical, photo, & film equipment; medical... ($1.66M). In July 2024 the top imports of South Korea from Argentina were Cereals ($108M), Animal or vegetable fats, oils, &... ($36.1M), Inorganic chemicals ($18.5M), Food residues & wastes; animal fodder ($5.43M), and Fish, crustaceans, & molluscs ($3.07M).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-7.63M or -89.3%), Tools & cutlery ($-5.95M or -98.2%), and Chemical products n.e.s. ($-4.89M or -97.6%). In July 2024, the increase in South Korea's year-by-year imports  from Argentina was explained primarily by an increase in product imports  in Inorganic chemicals ($16.5M or 822%), Animal or vegetable fats, oils, &... ($16.3M or 82.3%), and Plastics & articles thereof ($322k or 47.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-26.7M(-44.9%)
IMPORT GROWTH (July 2023 - July 2024)$111M(137%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Argentina and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Argentina and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $657M to Argentina. The main products exported from South Korea to Argentina were Refined Petroleum ($82.4M), Motor vehicles; parts and accessories (8701 to 8705) ($62.6M), and Planes, Helicopters, and/or Spacecraft ($29.4M). During the last 5 years the exports of South Korea to Argentina have decreased at an annualized rate of 5.82%, from $887M in 2017 to $657M in 2022.

In 2017, Argentina exported $1.96B to South Korea. The main products exported from Argentina to South Korea were Corn ($1.31B), Soybean Oil ($233M), and Soybean Meal ($102M). During the last 5 years the exports of Argentina to South Korea have increased at an annualized rate of 30.5%, from $517M in 2022 to $1.96B in 2017.

Exports from South Korea (Flag) to Argentina (Flag) (2022)

Exports from Argentina (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Argentina
Top DestinationBrazil$12.6B

This map shows whether countries import more from South Korea or Argentina. Each country is colored based on the difference in imports they receive from South Korea and Argentina or the difference in the growth in imports.

In 2022, countries that imported more from South Korea than Argentina included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Argentina than South Korea included Brazil ($12.6B), Chile ($5.11B), and Peru ($2.49B).

Difference in imports from Argentina (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Argentina

Flow
Scale

This chart compares trade between South Korea and Argentina by product, considering products traded by both, South Korea and Argentina.

During 2022, South Korea had a large net trade with Argentina in the exports of Machines ($154M), Transportation ($101M), and Plastics and Rubbers ($95.6M).

During 2017, Argentina had a large net trade with South Korea in the exports of Vegetable Products ($1.31B), Animal and Vegetable Bi-Products ($249M), and Foodstuffs ($126M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Argentina+$77.3MRefined Petroleum
Top Product Potential Argentina South Korea+$27.9MSoybean Meal

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Argentina. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Argentina. Similarly, a dot/product with the flag of Argentina indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Argentina (Flag) (2022)

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