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Export Market

Argentina

ISO: AR / ARG

Country Profile

Capital Buenos Aires
Population 46.7M
GDP $638.4B (2024)
GDP per Capita $13,970
Income Level Upper-Middle Income
Currency Argentine peso (ARS $)
Language Guaraní
Timezone UTC-03:00
Region South America

Trade Partners

Argentina Exports To

  • Brazil 18.0%
  • USA 9.0%
  • Chile 8.0%
  • China 8.0%
  • India 4.0%

Key exports: soybean meal, corn, trucks, soybean oil, crude petroleum (2023)

Argentina Imports From

  • Brazil 23.0%
  • China 20.0%
  • USA 12.0%
  • Paraguay 5.0%
  • Germany 4.0%

Key imports: soybeans, vehicle parts/accessories, refined petroleum, natural gas, cars (2023)

Economic Overview

large diversified economy; financial risks from debt obligations, rapid inflation, and reduced investor appetites; resource-rich, export-led growth model; increasing trade relations with China; G20 and OAS leader; tendency to nationalize businesses and under-report inflation

Government: presidential republic

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Argentina. Standard WTO terms apply.

Trade Barriers

4 active barriers affecting UK exporters

Recognition needed of university degrees on a national scale in Argentina

Recognition of university degrees obtained abroad is dependent on Provincial administrations, and recognition in one province does not imply recognition elsewhere in Argentina. A national system of recognition of qualifications obtained abroad would ease services trade.

Sectors: Financial and professional services

Reported: 21 Nov 2019

Discretionary approval of non-automatic import licences ('SIMIs') in Argentina

For some 87% of a businesses product lines for goods - for all industry sectors - exported to Argentina, import licences are granted automatically. Non-automatic licences were introduced to control imports and the amount of currency leaving the economy. In …

Reported: 6 Aug 2019

Excise duty exemptions for domestic alcoholic drinks in Argentina

Increased excise duty on alcohol was brought in as a revenue-raising measure by the Argentine Government. This entailed setting the % abv (alcohol by volume) threshold to exempt wine and beer, and de facto mainly apply to alcoholic spirits drinks, …

Sectors: Food and drink

Reported: 6 Aug 2019

Recognition needed of Scotch Whisky as a Geographical Indicator in Argentina affecting UK alcoholic drinks

Scotch Whisky needs to be registered as a protected geographical indicator with the Argentine authority Secretaria de Agregado de Valor. A geographical indication is a name or sign used on products, that corresponds to a specific geographical location or origin. …

Sectors: Food and drink

Reported: 6 Aug 2019

Geographic Region

Latin America and Caribbean

Trading Bloc Memberships

Argentina is a member of the following trade agreements and economic blocs.

Mercosur Southern Common Market Customs Union

Export Guidance

Relevant guidance for exporting to Argentina.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇧🇸 Bahamas FTA 🇧🇧 Barbados FTA 🇧🇿 Belize FTA 🇧🇴 Bolivia 🇧🇷 Brazil 🇨🇱 Chile FTA 🇨🇴 Colombia FTA 🇨🇷 Costa Rica FTA

Official Resources

Government export support for Argentina.

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