2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH
15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH
4.61%CURRENT US$
Rnk 129 / 186

About

India-Argentina Trade: In 2022, India exported $1.66B to Argentina. The main products that India exported to Argentina were Refined Petroleum ($403M), Motorcycles and cycles ($79.7M), and Nitrogen Heterocyclic Compounds ($63.5M). Over the past 5 years the exports of India to Argentina have increased at an annualized rate of 15%, from $823M in 2017 to $1.66B in 2022.

In 2022, India did not export any services to Argentina.

Argentina-India Trade: In 2022, Argentina exported $4.38B to India. The main products that Argentina exported to India were Soybean Oil ($3.1B), Seed Oils ($694M), and Gold ($229M). Over the past 5 years the exports of Argentina to India have increased at an annualized rate of 15.3%,  from $2.15B in 2017 to $4.38B in 2022.

In 2022, Argentina did not export any services to India.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.66B to Argentina. The main products exported from India to Argentina were Refined Petroleum ($403M), Motorcycles and cycles ($79.7M), and Nitrogen Heterocyclic Compounds ($63.5M). During the last 5 years the exports of India to Argentina have increased at an annualized rate of 15%, from $823M in 2017 to $1.66B in 2022.

In 2017, Argentina exported $4.38B to India. The main products exported from Argentina to India were Soybean Oil ($3.1B), Seed Oils ($694M), and Gold ($229M). During the last 5 years the exports of Argentina to India have increased at an annualized rate of 15.3%, from $2.15B in 2022 to $4.38B in 2017.

Exports from India (Flag) to Argentina (Flag) (2022)

Exports from Argentina (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Argentina
Top Destination
Brazil$12.6B

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

In 2022, countries that imported more from India than Argentina included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Difference in imports from Argentina (Flag) and India (Flag) (2022)

Comparative Advantage India - Argentina

Flow
Scale

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

During 2022, India had a large net trade with Argentina in the exports of Chemical Products ($473M), Mineral Products ($405M), and Machines ($180M).

During 2017, Argentina had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($3.79B), Precious Metals ($229M), and Vegetable Products ($71.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Argentina+$258MRefined Petroleum
Top Product Potential Argentina India+$130MGold

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 India and Argentina. This means that a dot/product with the flag of India indicates it has a comparative advantage over Argentina. Similarly, a dot/product with the flag of Argentina indicates it has a comparative advantage over India.

Product Space of India (Flag) and Argentina (Flag) (2022)

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