Argentina-Rep. of Korea Bilateral Trade Analysis 2023
Complete trade statistics: $1.59B total volume •Argentina surplus: $249.17M
Argentina → Rep. of Korea
$917.52M
Exports (2023)
Rep. of Korea → Argentina
$668.35M
Imports (2023)
Trade Balance
$249.17M
Surplus for Argentina
Total Trade
$1.59B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Argentina and Rep. of Korea. Green line shows exports from Argentina, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Argentina-Rep. of Korea commercial relationship and competitive positioning in global markets.
Argentina → Rep. of Korea Exports
Export Market Intelligence
🎯 Strategic Export Focus
Argentina's export portfolio to Rep. of Korea demonstrates strategic specialization, with cereals: maize (corn), other than seed representing a key competitive advantage in this bilateral market.
Rep. of Korea → Argentina Imports
Import Dependency Profile
📦 Import Strategy Analysis
Argentina's import pattern from Rep. of Korea reveals strategic sourcingin machines and mechanical appliances: parts, of those having individual functions, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Argentina demonstrates competitive strength in exportingcereals: maize (corn), other than seed to Rep. of Korea, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.59B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Argentina-Rep. of Korea Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.59 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Argentina maintains a surplus of $249.17 million
- Export Focus: Argentina's primary exports include cereals: maize (corn), other than seed, vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified, molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen
- Import Dependencies: Key imports from Rep. of Korea include machines and mechanical appliances: parts, of those having individual functions, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, vehicle parts: gear boxes and parts thereof
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $1.59B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Argentina leveraging its comparative advantages in cereals: maize (corn), other than seed.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Argentina's specialization in cereals: maize (corn), other than seedcomplements Rep. of Korea's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in machines and mechanical appliances: parts, of those having individual functions.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.59B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.59B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $1.59 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in cereals: maize (corn), other than seed and machines and mechanical appliances: parts, of those having individual functions demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Argentina's trade surplus of $249.17 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Argentina and Rep. of Korea represents a total trade volume of $1.59 billion in 2023. This partnership demonstrates a favorable trade balance for Argentina, with exports exceeding importsby $249.17 million.
Export Strengths
Argentina's exports to Rep. of Korea total $917.52 million, with competitive advantages in cereals: maize (corn), other than seed, representing $596.47M or65.0% of bilateral exports.
Import Dependencies
Imports from Rep. of Korea amount to $668.35 million, highlighting economic interdependence in machines and mechanical appliances: parts, of those having individual functions, with Machines and mechanical appliances: parts, of those having individual functions comprising9.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Argentina's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Argentina and Rep. of Korea in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023