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Trade between Argentina and South Korea

In 2024, Argentina exported $1.2 billion to South Korea and imported $511 million. Argentina ran a surplus of $668 million with South Korea, compared with a surplus of $334 million in 2019. South Korea was Argentina’s 18th largest trading partner (1% of its trade), and Argentina was South Korea’s 60th (0.1%).

Summary

Argentina → South Korea
$1.2billion
South Korea → Argentina
$511million
Argentina’s balance
$668million

Balance

Argentina’s trade balance with South Korea

Trade between Argentina and South Korea grew 3.1-fold since 1995

USD billions (current). Argentina’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.2
  • Imports 0.5
  • Balance +0.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$159 million$377 million-$218 million
1996$260 million$411 million-$151 million
1997$260 million$686 million-$426 million
1998$139 million$673 million-$534 million
1999$187 million$572 million-$385 million
2000$176 million$544 million-$368 million
2001$395 million$417 million-$23 million
2002$377 million$71 million$305 million
2003$440 million$219 million$221 million
2004$419 million$313 million$106 million
2005$379 million$382 million-$2 million
2006$502 million$444 million$57 million
2007$700 million$534 million$166 million
2008$669 million$738 million-$70 million
2009$619 million$629 million-$11 million
2010$795 million$987 million-$192 million
2011$967 million$1.2 billion-$232 million
2012$1.3 billion$1.1 billion$194 million
2013$1.1 billion$1.2 billion-$142 million
2014$505 million$924 million-$419 million
2015$636 million$1.1 billion-$487 million
2016$853 million$900 million-$47 million
2017$531 million$854 million-$323 million
2018$343 million$643 million-$299 million
2019$840 million$506 million$334 million
2020$813 million$387 million$426 million
2021$1.7 billion$663 million$1.1 billion
2022$2.2 billion$769 million$1.4 billion
2023$1.4 billion$682 million$715 million
2024$1.2 billion$511 million$668 million

What they sell each other

What Argentina sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Corn$637 million · 54%
    2.9 million tonnes · Argentina’s destinations
  2. Precious metal ore$106 million · 9%
    14 thousand tonnes
  3. Carbonates$96 million · 8.1%
    6 thousand tonnes
  4. Soybean oil$85 million · 7.2%
    126 thousand tonnes · Argentina’s destinations
  5. Soybean meal and pellets$81 million · 6.9%
    181 thousand tonnes · Argentina’s destinations
  6. 19 thousand tonnes
  7. Vaccines, blood and antisera$27 million · 2.3%
    57 tonnes · South Korea’s sources
  8. Natural polymers$14 million · 1.2%
    122 tonnes
  9. Frozen fish$14 million · 1.2%
    3 thousand tonnes
  10. 979 tonnes

What South Korea sells to Argentina

The top 10 headings in 2024, with their share of the total.

  1. Ferroalloys$35 million · 6.9%
    2 thousand tonnes
  2. Other electrical devices$25 million · 4.9%
    103 tonnes
  3. Auto parts$21 million · 4.1%
    2 thousand tonnes · South Korea’s destinations
  4. Acrylic polymers$19 million · 3.7%
    8 thousand tonnes
  5. Other industrial machines$18 million · 3.6%
    282 tonnes
  6. Centrifuges and filters$16 million · 3.2%
    497 tonnes
  7. 7 thousand tonnes
  8. Cars$11 million · 2.2%
    970 tonnes · South Korea’s destinations
  9. Vaccines, blood and antisera$11 million · 2.2%
    23 tonnes · South Korea’s destinations
  10. Polyethylene$10 million · 2%
    6 thousand tonnes · South Korea’s destinations

How it travels

Estimated sea route from Buenos Aires to Busan.

The estimated sea route between Buenos Aires and Busan is 11,929 nautical miles (22,093 km) long: ≈ 27.5–35.5 days at sea (at 18 and 14 knots).

Passages it crosses: Cape of Good Hope; and Strait of Malacca and Singapore.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.5 billion · 88.3%
  2. Air$198 million · 11.7%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Argentina’s 18th largest trading partner (1% of its trade), and Argentina was South Korea’s 60th (0.1%).

South Korea in Argentina’s trade
1.2%
South Korea’s rank among Argentina’s partners
18th
Argentina in South Korea’s trade
0.1%
Argentina’s rank among South Korea’s partners
60th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.