Exporter Rank

25 / 138

Importer Rank

26 / 138

Trade Balance Rank

15 / 138

Total Trade [1]

Total Exports (2021) $280,814,577,460
Total Imports (2021) $234,690,442,199
Trade Balance (2021) $46,124,135,261
Exports of goods and services (% of GDP) (2022) [2] 20.05%
Imports of goods and services (% of GDP) (2022) [2] 19.29%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $87,907,887,856
United States $31,337,515,819
Argentina $11,878,463,042
Netherlands $9,316,019,600
Chile $7,018,693,189
Singapore $5,820,713,782
South Korea $5,670,844,906
Mexico $5,560,486,888
Japan $5,539,499,830
Spain $5,433,174,458

Import Partners

Top 10 Import Countries

Country Import USD$
China $53,464,016,770
United States $41,502,926,649
Argentina $12,412,751,643
Germany $11,921,301,837
India $7,233,947,615
Russia $6,228,322,609
Italy $5,749,966,382
South Korea $5,458,644,186
Japan $5,427,931,111
France $4,988,508,271

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(26) Ores $48,722,834,364
(12) Oil Seeds $39,157,660,854
(27) Oil & Mineral Fuels $38,353,218,741
(02) Meat $18,230,610,380
(72) Iron & Steel $14,263,074,996
(84) Industrial Machinery $10,735,744,109
(17) Sugar & Confectionery $9,375,318,296
(87) Motor Vehicles & Parts $8,950,002,425
(23) Animal Feeds $7,977,703,742
(47) Wood Pulp $6,730,702,837

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $31,872,904,464
(84) Industrial Machinery $31,332,245,015
(85) Electrical Machinery $29,548,580,306
(31) Fertilizers $16,624,147,545
(87) Motor Vehicles & Parts $15,229,665,618
(29) Organic Chemicals $13,925,473,608
(30) Pharmaceuticals $11,380,260,241
(39) Plastics $10,685,230,669
(38) Chemical Products $6,719,878,560
(90) Precision Instruments $6,532,100,192

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
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