Argentina Expects A Record US$90 Billion Exports in 2022

20 June 2022
Argentina Export Data

Argentina is expected to have record export levels in 2022 as the country benefits from rising commodity prices in the global market. In 2021, Argentina’s exports totaled US$77,838 million that dollar amount increased from US$54,883 million a year earlier. Now the country has new hopes to breach the US$90 billion in 2022. Find out complete information on Argentina’s export market with valuable data and intelligent insights.  


Argentina expects a record US$90 billion exports in 2022


Argentina’s government is expecting to see record export levels this year as the country benefits from increasing commodity prices in the global market. The country is expected to export goods worth US$90 billion to the world in 2022. That would represent at least a 15% jump from last year and 38% more than 2019 levels.


Argentine exporters are having a bumper year as prices for the country’s main crops such as maize, wheat, and soybeans have increased. The government is also making an effort to boost exports in the energy and technology sectors, providing more access to dollars for companies exporting in those industries.


Argentina’s exports by quarter


In the last five quarters, Argentina exported goods the most to the world in Q3 of 2021. Talking about Q1 of 2022, Argentina shipped US$19,249 worth of products. In comparison, Argentina’s exports grew in Q1 of 2022 as compared to the same quarter of 2021. Here’s a data visualization of Argentina’s exports from Q1 of 2021 to Q1 of 2022.



Quarter

Value US$ Million

2022-Q1

19,249

2021-Q4

19,545

2021-Q3

22,920

2021-Q2

19,965

2021-Q1

15,406

 


Argentina’s exports by year


The export trends for the last ten years show that Argentina’s exports declined from 2012 to 2017 and increased slightly thereafter. The value of shipments again registered a decrease in 2020. The year 2021 saw a tremendous rise in the value of exports that is further expected to increase due to a rise in the prices of commodities in the global market. Here’s a data visualization of Argentina’s exports reported from 2012 to 2021.



Year

Value US$ Million

2012

79,982

2013

75,962

2014

68,404

2015

56,752

2016

57,733

2017

58,644

2018

61,781

2019

65,115

2020

54,883

2021

77,838

 


Argentina’s top 10 export categories 2021


Argentina’s top 10 exports in 2021 were Cereals (US$13,563 million), residues and waste from food industries (US$12,460 million), animal or vegetable fats & oils (US$8,614 million), vehicles other than railway or tramway (US$6,439 million), mineral fuels and oils (US$4,255 million), oil seeds and oleaginous fruits (US$3,871 million), meat (US$3,389 million), miscellaneous chemical products (US$2,465 million), pearls and precious stones (US$2,030 million), and fish and crustaceans (US$1,957 million).


According to our database, Argentina’s top 10 export commodities shared 75.87% of the overall value of export shipments reported in 2021. Here is the value in the percentage of these export categories.  



Export Category

Value US$ %

Cereals

17.43

Residues and Waste from Food Industries

16.01

Animal or Vegetable Fats & Oils

11.07

Vehicles Other Than Railway or Tramway

8.27

Mineral Fuels and Oils

5.47

Oil Seeds and Oleaginous Fruits

4.97

Meat

4.35

Miscellaneous Chemical Products

3.17

Pearls and Precious Stones

2.61

Fish and Crustaceans

2.52

 


Argentina’s top 10 export destinations 2021


Argentina’s top 10 export partners in 2021 were Brazil (US$11,761 million), China (US$6,154 million), the United States (US$4,991 million), India (US$4,293 million), Chile (US$4,176 million), Vietnam (US$3,220 million), the Netherlands (US$2,984 million), Peru (US$1,995 million), Indonesia (US$1,862 million), and Spain (US$1,846 million).


According to our online platform and database, Argentina’s top 10 export partners shared 55.6% of the overall value of shipments reported in 2021. Check the value in percentile of these countries through data visualization.



Destination Country

Value US$ %

Brazil

15.1

China

7.9

United States

6.4

India

5.5

Chile

5.4

Vietnam

4.1

Netherlands

3.8

Peru

2.6

Indonesia

2.4

Spain

2.4

 


Amid Russia’s invasion of Ukraine, new viruses originating in the countries, and other bilateral developments in the world, prices of commodities would rise further. Argentina would be benefited and its exports would reach record levels in 2022.

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