India and Argentina have shared a bilateral trade relationship for years. Import Export courses online give a better understanding of what should be exported and what to import. Import-export course in Ahmedabad briefly explains the relationship between both countries. In recent years India and Argentina have witnessed an upswing across several sectors. Argentina can be an important partner for India’s oil and gas sector. The long-standing bilateral relations since the first trade commission was established in 1943, which was later converted into the Embassy in 1949.
The Bilateral Trade-
India-Argentina bilateral trade for the FY 2020-21 was US $3.331 billion, with a growth rate of 11.5% increase compared to 2019. India’s exports to Argentina are valued at US $687.84 million and Argentina’s exports to India are valued at USD 2.26 billion. India’s exports to Argentina were US $708.7 million in 2017-18 and imports from Argentina were US $2.2 billion. In 2019 India exported US $758 million to Argentina. Indian Argentina bond has strengthened through various economic, cultural, political, and scientific & technological cooperation. During the last 24 years, the exports of India to Argentina have increased at an annualized rate of 10.8 % from $64.3M in 1995 to $758 million in 2019. Exports from Argentina to India have increased at an annualized rate of 10.9% from $178 million in 1995 to $2.15 billion in 2019.
India Exports to Argentina-
Major Items India export to Argentina-
- Petroleum Oils
- Agro Chemicals
- Yarn-Fabric
- Organic Chemicals
- Vehicles and auto parts
- Lubricants
- Machinery
- Sound & Image device
- Garments
India imports from Argentina-
Major Items India imports from Argentina-
- Soyabean Oil
- Petroleum
- Copper
- Sunflower Oil
- Leather
- Wool and Ferroalloys
- Allied products and Pulses
Our trade deficit with Argentina is because of importing agricultural products. High-end bicycles and bicycle components alone have the potential to offer a $1 billion export opportunity to Indian exporters. Indian pharmaceutical companies were kept out of the Argentina markets until 2012 but now there is an inflow of medicaments like antibiotics, medicaments mixed or unmixed products, and vaccines. India and Argentina are seeking to further deepen their strategic partnership by advancing bilateral cooperation in high technology in space, nuclear, information and communication, technology, and defense. In 2019 India ranked 44 in the economic complexity index and 15 in total exports ($330 billion) whereas Argentina ranked 58 in the economic complexity index and 46 in total exports ($64 billion) If you also want to export your product to Argentina and are still wondering how? Get your answer by joining Digital Exim. We give you training and personal consultancy with our years of experienced trade managers. Attend live classes, interact with them, and get your problem solved. Join with us to know A to Z of International trade. It is one of the best consultancy. Digital Exim covers all the aspects of export-import with our special guidance. Do visit our website!
