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Who buys Argentina’s crude oil? Export destinations 2024

In 2024, Argentina exported $5.4 billion of crude oil (9.4 million tonnes), 0.4% of the world total. Its main destinations were Chile (40%), the United States (34%) and Brazil (10%). Argentina was the world’s 28th-largest exporter of crude oil.

Summary

Value
$5.4billion
Tonnes
9.4million tonnes
Share of world total
0.4%
World rank
28th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 12 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Chile2.1Tonnes: 3,660,608USD per tonne: $58339.7%Land
United States1.8Tonnes: 3,423,120USD per tonne: $53834.2%Sea
Brazil0.52Tonnes: 838,362USD per tonne: $6209.7%Land
Peru0.27Tonnes: 427,933USD per tonne: $6335%Sea
Uruguay0.2Tonnes: 356,285USD per tonne: $5743.8%Land
Netherlands re-exports0.11Tonnes: 222,771USD per tonne: $4922%Sea
Malaysia0.1Tonnes: 149,373USD per tonne: $6431.8%Sea
Bolivia0.08Tonnes: 132,904USD per tonne: $6281.6%Land
Panama0.06Tonnes: 87,125USD per tonne: $6321%Sea
Australia0.05Tonnes: 92,149USD per tonne: $5160.88%Sea
China0.02Tonnes: 30,000USD per tonne: $5930.33%Sea
South Korea< 0.01Tonnes: 0USD per tonne: $5,6830%Sea

Trend

Who it sells to

Chile has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • Chile 2.1
  • United States 1.8
  • Brazil 0.52
  • Peru 0.27
  • Uruguay 0.2

Source: CEPII BACI

Show the numbers
Partner19952024
Chile0.462.1
United States0.31.8
Brazil0.580.52
Peru0.010.27
Uruguay0.070.2

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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