Exporter Rank

79 / 138

Importer Rank

82 / 138

Trade Balance Rank

79 / 138

Total Trade [1]

Total Exports (2021) $10,570,969,868
Total Imports (2021) $13,559,726,270
Trade Balance (2021) ($2,988,756,402)
Exports of goods and services (% of GDP) (2022) [2] 34.48%
Imports of goods and services (% of GDP) (2022) [2] 39.38%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Brazil $3,557,458,470
Argentina $2,639,549,809
Chile $998,490,796
Russia $756,705,797
India $232,744,970
United States $218,130,299
Peru $172,860,470
Israel $157,114,752
Poland $152,161,731
Bangladesh $119,266,707

Import Partners

Top 10 Import Countries

Country Import USD$
China $4,067,307,965
Brazil $3,219,967,147
Argentina $1,284,189,884
United States $961,765,812
India $451,109,578
Singapore $292,047,276
Germany $274,405,400
Japan $263,024,994
South Korea $184,838,186
Russia $183,447,072

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

Top 10 Export Goods

HS Code Export USD$
(12) Oil Seeds $3,117,546,666
(02) Meat $1,654,537,746
(27) Oil & Mineral Fuels $1,629,399,551
(23) Animal Feeds $833,273,049
(10) Cereals $772,391,352
(15) Fats & Oils $701,991,481
(85) Electrical Machinery $249,466,634
(76) Aluminum $140,706,446
(22) Beverages $93,857,993
(39) Plastics $93,198,690

Top 10 Import Goods

HS Code Import USD$
(85) Electrical Machinery $2,207,009,611
(27) Oil & Mineral Fuels $1,772,400,535
(84) Industrial Machinery $1,662,790,795
(87) Motor Vehicles & Parts $1,165,329,194
(31) Fertilizers $601,108,793
(39) Plastics $557,857,850
(38) Chemical Products $473,408,095
(72) Iron & Steel $438,553,129
(30) Pharmaceuticals $396,307,893
(40) Rubber $364,539,383

Sources:

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