May 17, 2024
AGI News
Argentina has the 24th largest economy in the world, and is a significant player in world trade when it comes to the importing and exporting of goods. Please read on to find out all about the top 10 Argentinian imports!
How big is the import market in Argentina?
According to data from World’s Top Exports, Argentinian imports totalled US$69.8 billion in 2023. Goods from Latin America accounted for just over a third of all imports, with goods from Asia accounting for just under a third.
So what are the top 10 Argentinian imports?
The following are the top 10 Argentinian imports in 2023. This top 10 accounts for over 70% of the total US$ value of all imports to Argentina.
1. Machinery including Computers – US$10.6 billion (15.3% of total Argentinian imports)
2. Vehicles – US$7.9 billion (11.3% of total imports)
3. Electrical Machinery & Equipment – US$7.8 billion (11.1% of total imports)
4. Mineral Fuels – US$7.3 billion (10.4% of total imports)
5. Oil Seeds – US$5.4 billion (7.7% of total imports)
6. Organic Chemicals – US$3.3 billion (4.7% of total imports)
7. Plastics – US$2.9 billion (4.2% of total imports)
8. Pharmaceuticals – US$2.5 billion (3.6% of total imports)
9. Optical, Technical & Medical Apparatus – US$1.8 billion (2.6% of total imports)
10. Iron & Steel – US$1.6 billion (2.3% of total imports)
Source: World’s Top Exports
Now we know all about the top 10 Argentinian imports, let’s take a look at Argentinian exports!
How big is the export market in Argentina?
According to data from World’s Top Exports, Argentinian exports totalled US$66.7 billion in 2023. Like with imports, countries in Latin America accounted for a large portion of exports. Brazil topped the list at 17.8% of total Argentinian exports, followed by the US (8.4%), China (7.7%), Chile (7.4%) and Peru (3.8%).
So what are the top 10 Argentinian exports?
The following are the top 10 Argentinian exports in 2023. This top 10 accounts for over 65% of the total US$ value of all exports from Argentina.
1. Cereals– US$8.1 billion (12.1% of total Argentinian exports)
2. Vehicles – US$7.8 billion (11.7% of total exports)
3. Food Waste & Animal Fodder – US$6.3 billion (9.4% of total exports)
4. Mineral Fuels – US$6.1 billion (9.2% of total exports)
5. Animal & Vegetable Fats – US$5.0 billion (7.5% of total exports)
6. Meat – US$3.1 billion (4.7% of total exports)
7. Oil Seeds – US$2.1 billion (3.1% of total exports)
8. Precious Metals – US$2.0 billion (3.1% of total exports)
9. Fish – US$1.7 billion (2.5% of total exports)
10. Machinery including Computers– US$1.3 billion (1.9% of total exports)
Source: World’s Top Exports
So how can we help?
The importing and exporting of goods to and from Argentina can be a complicated process, and that’s where we come in! Here at AGI, we specialise in the safe transport of cargo to and from Argentina, and all across the world, providing you with professional road freight, sea freight, and air freight solutions. To find out more about our logistics services, and how we can help your business, please get in touch. We look forward to hearing from you, and for all of the latest AGI news, don’t forget to follow us on LinkedIn and Facebook!