Argentina-United Kingdom Bilateral Trade Analysis 2023
Complete trade statistics: $1.42B total volume •Argentina surplus: $243.89M
Argentina → United Kingdom
$831.41M
Exports (2023)
United Kingdom → Argentina
$587.52M
Imports (2023)
Trade Balance
$243.89M
Surplus for Argentina
Total Trade
$1.42B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Argentina and United Kingdom. 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-United Kingdom commercial relationship and competitive positioning in global markets.
Argentina → United Kingdom Exports
Export Market Intelligence
🎯 Strategic Export Focus
Argentina's export portfolio to United Kingdom demonstrates strategic specialization, with oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil representing a key competitive advantage in this bilateral market.
United Kingdom → Argentina Imports
Import Dependency Profile
📦 Import Strategy Analysis
Argentina's import pattern from United Kingdom reveals strategic sourcingin engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Argentina demonstrates competitive strength in exportingoil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil to United Kingdom, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.42B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Argentina-United Kingdom Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.42 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Argentina maintains a surplus of $243.89 million
- Export Focus: Argentina's primary exports include oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, vegetable materials and vegetable waste, vegetable residues and by-products: whether or not in the form of pellets, of a kind used in animal feeding, not elsewhere specified or included, wine: still, in containers holding 2 litres or less
- Import Dependencies: Key imports from United Kingdom include engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87, 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, metals: palladium, unwrought or in powder form
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 $1.42B 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 oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil.
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 oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oilcomplements United Kingdom's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.42B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.42B 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 $1.42 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil and engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Argentina's trade surplus of $243.89 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 United Kingdom represents a total trade volume of $1.42 billion in 2023. This partnership demonstrates a favorable trade balance for Argentina, with exports exceeding importsby $243.89 million.
Export Strengths
Argentina's exports to United Kingdom total $831.41 million, with competitive advantages in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, representing $248.41M or29.9% of bilateral exports.
Import Dependencies
Imports from United Kingdom amount to $587.52 million, highlighting economic interdependence in engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87, with Engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87 comprising16.7% 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 United Kingdom in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023