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How much of Argentina’s trade passes through the Cape of Good Hope?

In 2024, an estimated $35.5 billion of Argentina’s trade passed through the Cape of Good Hope, 42.6% of its seaborne trade. That is $20.2 billion of exports and $15.3 billion of imports. The partners with the most trade through it are China, India and Vietnam.

Summary

Estimated value
$35.5billion
Of its seaborne trade
42.6%
Exports
$20.2billion
Imports
$15.3billion

Trend

Estimated value per year

Argentina’s estimated trade through the Cape of Good Hope rose 9% between 2019 and 2024

Value in USD billions

  • Argentina 35.5

Source: CEPII BACI

Show the numbers
YearEstimated valueOf its seaborne trade
1995$5.6 billion21.3%
1996$6.7 billion22.7%
1997$8.6 billion25%
1998$8.7 billion24.8%
1999$6.9 billion22.7%
2000$7.2 billion23.4%
2001$7.9 billion26.3%
2002$5.8 billion22.6%
2003$8.1 billion25.7%
2004$10.1 billion26.2%
2005$12.1 billion26.4%
2006$14.7 billion28.4%
2007$20.4 billion31.3%
2008$25 billion31.3%
2009$18.1 billion31.7%
2010$26.6 billion35.4%
2011$31 billion33.4%
2012$30.6 billion33.5%
2013$33.7 billion37%
2014$30.6 billion36.5%
2015$29.8 billion40.4%
2016$30.2 billion41.1%
2017$31.5 billion40.2%
2018$31.3 billion38.4%
2019$32.6 billion42.7%
2020$29.4 billion43.7%
2021$41.4 billion45.2%
2022$50.6 billion42.9%
2023$36 billion40.1%
2024$35.5 billion42.6%

Partners whose trade crosses it

Estimated value of its trade with each partner that crosses the chokepoint; the percentage is the share of all its trade through the chokepoint, not of the pair’s trade.

  1. Argentina–China$15.5 billion · 43.7%
  2. Argentina–India$4.4 billion · 12.3%
  3. Argentina–Vietnam$3.6 billion · 10.1%
  4. Argentina–Thailand$1.9 billion · 5.4%
  5. Argentina–Malaysia$1.7 billion · 4.9%
  6. Argentina–South Korea$1.5 billion · 4.2%
  7. Argentina–Indonesia$1.5 billion · 4.1%
  8. Argentina–Japan$1.3 billion · 3.6%
  9. Argentina–Bangladesh$507 million · 1.4%
  10. Argentina–United Arab Emirates$411 million · 1.2%

What crosses it

The products with the highest estimated value in 2024, with their share of the total through the chokepoint.

  1. Soybean oil$4.2 billion · 11.9%
  2. Corn$3.8 billion · 10.9%
  3. Soybean meal and pellets$3 billion · 8.6%
  4. Soybeans$1.7 billion · 4.9%
  5. Frozen beef$1.7 billion · 4.7%
  6. Auto parts$1.2 billion · 3.3%
  7. Wheat$634 million · 1.8%
  8. Carbonates$586 million · 1.7%
  9. Refined petroleum$559 million · 1.6%
  10. Sunflower, safflower and cottonseed oil$452 million · 1.3%

Reference ports

Buenos Aires (100%)

Each port with the weight it receives from the country’s trade, based on where its GDP is generated and which coast is closest.

Other chokepoints it uses

Sources and method

Sources and licenses

Methodology

We estimate the value crossing each chokepoint from BACI trade that travels by sea according to our mode heuristic, split between each country’s ports by where its GDP is generated and which coast is closest, and routed over our own sea network. It is an estimate, not a count of ships. It covers 99.9% of seaborne trade. The approach follows Verschuur, Lumma and Hall (Nature Communications, 2025). Data up to 2024.

All maritime chokepoints