Argentina’s Top 5 Import & Export Lists – Where Do You Think Soybean Meal Ranks?

Last Updated:
Disclosure: Your support helps keep Commodity.com running! We earn a referral fee for some brokers & services we list on this page. Learn more...

Argentina Economy Overview

Argentina is the 24th largest export economy in the world, according to the latest figures.

With annual exports of $60.8 billion and imports of $62.5 billion, the country has a negative trade balance of -$1.7 billion.

This guide gives you an overview of Argentina’s economy, including the country’s primary imports and exports.

Argentina’s Top Exports

Here is a breakdown of the most important products exported by Argentina, both commodities and other notable exports.

Commodities Exports

  • Soybean meal – $9.2 billion
  • Corn – $4.44 billion
  • Soybean oil – $2.95 billion
  • Wheat – $2.49 billion
  • Gold – $2.25 billion

If you’re interested in trading some of these commodities, you can jump to our list of recommended regulated brokers in at the end of the page.

Other Notable Exports

  • Delivery Trucks – $3.94 billion
  • Cars – $2.13 billion
  • Crude petroleum – $1.51 billion
  • Crustaceans – $1.34 billion
  • Frozen bovine meat – $1.21 billion

The top export destinations of Argentina are Brazil ($11 billion), China ($4.34 billion), the United States ($4.23 billion), Chile ($3.05 billion), and Vietnam ($2.08 billion).

Argentina’s Top Imports

Here is a breakdown of the most important products imported by Argentina, both commodities and other notable imports.

Commodity Exports

  • Refined petroleum – $2.93 billion
  • Petroleum gas – $2.4 billion
  • Soybeans – $2.36 billion
  • Iron ore – $478 million
  • Ethylene polymers – $427 million

Other Notable Imports

  • Cars – $5.05 billion
  • Vehicle parts – $2.85 billion
  • Delivery trucks – $1.29 billion
  • Packaged Medicaments – $1.32 billion
  • Broadcasting equipment – $1.04 billion

GDP of Argentina

Argentina’s GDP is $520 billion, which equates to a GDP per capita of $11,684.

Did You Know? Over three-fifths of the Argentine GDP and a similar percentage of the workforce are based on service industries, with tourism a growth area.

Details on Argentina’s Imports/Exports

Soybean Meal

Soybeans are a major source of export revenue for Argentina. The efficient outflow of the product through the Parana River is a primary reason why the country is the number one exporter of soybean meal and soybean oil in the world.

Vietnam is the leading destination for Argentina’s soybean meal exports. However, the United States is a notable absentee from the long list of nations that import the country’s soybean products.

Corn

The United States controls almost 40% of the annual corn export market that is worth $34.4 billion but Argentina is the second biggest exporter with a 12.9% market share.

Corn is a growing commodity for Argentina. Growers enjoy favorable climatic conditions and analysts suggest that attractive margins are prompting further expansion.

Soybeans

The global export market for soybeans is worth $59.2 billion with Brazil and the United States dominating the trade (85,1% market share combined). Argentina is ranked as the fifth-largest exporter with a 2.46% share of this particular market.

Gold

The latest annual global gold exports reached $305 billion, with Switzerland dominating with a 20.9% market share. At present, Argentina does not make the list of the top 15 countries which are responsible for over 80% of all gold exports.

argentina map
Source: WikiMedia Commons

Interesting Facts About Argentina

  • There is a Welsh-speaking part of the country with its own dialect of Welsh.
  • The country is home to the world’s widest avenue. The Avenida 9 De Julio (“9th of July”) has 14 lanes and 4 further lanes of parallel streets.
  • The Cuban revolutionary Che Guevara was born in Argentina.
  • 62.5% of the Argentine population is of Italian descent.

Interested in Trading Commodities?

Interested in trading gold, soybeans, corn and other important Argentine commodities? Start your research with reviews of these regulated brokers available in .

Loading table...

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. <b>Between 53.00%-83.00% of retail investor accounts lose money when trading CFDs.</b> You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Sources and Further Reading

Also see our guides on stock, CFD, and commodity brokers to find out which online trading platforms are available in .

Plus500 is not available in the US

Legitimate CFD brokers, like Plus500, cannot accept US clients by law

US traders welcome at these brokers:

Cryoptocurrencies:

  • Trade 14+ major crypto coins
  • Includes Bitcoin, Ethereum & Ripple
  • Super simple setup

Accepts traders in the USA

Start Trading at eToro

Forex, Gold & Silver:

  • Trade gold and silver
  • Trade over 90+ currencies
  • Major US broker

Accepts traders in the USA

Start Trading at Forex

No thanks