a:
Year |
Export |
import |
Trade balance |
% export change |
% import change |
1963 |
1365084 |
980666.5 |
384417.28 |
11.7746651 |
-28.72481783 |
1964 |
1410346 |
1077067 |
333278.72 |
3.315699798 |
9.830114559 |
1965 |
1493390 |
1194322 |
299068.288 |
5.888226044 |
10.88648795 |
1966 |
1593239 |
1124300 |
468939.264 |
6.686076785 |
-5.862888291 |
1967 |
1464525 |
1095533 |
368991.872 |
-8.078767702 |
-2.558633452 |
1968 |
1367862 |
1169181 |
198681.472 |
-6.60030709 |
6.72249968 |
1969 |
1612082 |
1570692 |
41389.568 |
17.85409393 |
34.34125329 |
1970 |
1773170 |
1688563 |
84607.232 |
9.99260226 |
7.504414258 |
1971 |
1740343 |
1845535 |
-105191.808 |
-1.851317133 |
9.296189328 |
1972 |
1941094 |
1904288 |
36805.888 |
11.53511366 |
3.183515274 |
1973 |
3265998 |
2235295 |
1030702.08 |
68.25550649 |
17.38220993 |
1974 |
3930696 |
3634752 |
295944.192 |
20.3520857 |
62.60722663 |
1975 |
2961260 |
3945302 |
-984042.496 |
-24.66322424 |
8.543919145 |
1976 |
3911920 |
3028448 |
883472.384 |
32.10324929 |
-23.23913882 |
1977 |
5641660 |
4158369 |
1483291.904 |
44.21715838 |
37.31021672 |
1978 |
6394174 |
3832262 |
2561912.32 |
13.33851172 |
-7.842183276 |
1979 |
7807746 |
6692389 |
1115357.184 |
22.10718862 |
74.63288018 |
1980 |
8019176 |
10539222 |
-2520046.08 |
2.70795037 |
57.48071773 |
1981 |
9141251 |
9430204 |
-288953.344 |
13.99239953 |
-10.52276533 |
1982 |
7623216 |
5336886 |
2286329.344 |
-16.60642995 |
-43.40646251 |
1983 |
7836059 |
4504095 |
3331963.904 |
2.792037097 |
-15.60444629 |
1984 |
8107401 |
4584592 |
3522808.832 |
3.462736728 |
1.78719936 |
1985 |
8395986 |
3814129 |
4581857.792 |
3.559534536 |
-16.80549226 |
1986 |
6852208 |
4723411 |
2128796.672 |
-18.3870986 |
23.83985706 |
1987 |
6360155 |
5817782 |
542373.376 |
-7.18094055 |
23.16906571 |
1988 |
9134186 |
5321524 |
3812662.272 |
43.61578139 |
-8.530012924 |
1989 |
9565435 |
4200510 |
5364924.416 |
4.721256613 |
-21.06565173 |
1990 |
12351522 |
4076658 |
8274863.872 |
29.12661 |
-2.948511736 |
1991 |
11974937 |
8275253 |
3699683.89 |
-3.048891135 |
102.991117 |
1992 |
12234938 |
14863667 |
-2628728.832 |
2.171209933 |
79.61585457 |
1993 |
13114392 |
16772907 |
-3658515.456 |
7.188047521 |
12.84501182 |
1994 |
15803246 |
21581033 |
-5777787.904 |
20.50307866 |
28.66602946 |
1995 |
20962546 |
20121620 |
840925.184 |
32.64709185 |
-6.762479628 |
1996 |
23809602 |
23761523 |
48078.848 |
13.5816323 |
18.08950831 |
1997 |
26429618 |
30349375 |
-3919757.312 |
11.00403397 |
27.72487642 |
1998 |
26406298 |
31377191 |
-4970893.312 |
-0.088236523 |
3.386611446 |
1999 |
23223163 |
25507920 |
-2284756.69 |
-12.05445281 |
-18.7055346 |
2000 |
26244852 |
25280428 |
964423.99 |
13.01152989 |
-0.891848099 |
2001 |
26510801 |
20321127 |
6189673.991 |
1.013339248 |
-19.61715472 |
2002 |
25595936 |
8989545 |
16606391.35 |
-3.450914312 |
-55.76256834 |
2003 |
29827826 |
13850766 |
15977059.73 |
16.533443 |
54.07638844 |
2004 |
34436225 |
22445239 |
11990985.76 |
15.4500016 |
62.05052918 |
2005 |
39963954 |
28688604 |
11275350.22 |
16.05207574 |
27.81598532 |
2006 |
45998157 |
34132744 |
11865412.45 |
15.09911314 |
18.97666558 |
2007 |
55216017 |
44706984 |
10509032.51 |
20.03962891 |
30.97975297 |
2008 |
69317382 |
57432292 |
11885089.37 |
25.53854112 |
28.46380383 |
2009 |
54631307 |
38752086 |
15879220.49 |
-21.18671293 |
-32.52561415 |
2010 |
66161589 |
56763508 |
9398081.848 |
21.10563177 |
46.47858417 |
2011 |
80665995 |
73923712 |
6742282.806 |
21.92269826 |
30.23105052 |
2012 |
77728392 |
67927335 |
9801056.664 |
-3.641686881 |
-8.111574263 |
2013 |
74114598 |
74407436 |
-292837.862 |
-4.649259111 |
9.539753225 |
2014 |
66581366 |
65201533 |
1379833.269 |
-10.16430239 |
-12.37228898 |
2015 |
54518733 |
59726053 |
-5207320.123 |
-18.1171308 |
-8.397777691 |
2016 |
55688820 |
55578483 |
110336.493 |
2.146211191 |
-6.944322069 |
2017 |
56120358 |
66869312 |
-10748953.56 |
0.774910015 |
20.31510685 |
Table 1: Export and import position of Argentina
Source: (Wits.worldbank.org. 2018)
b:
Year |
Export |
import |
Trade balance |
% export change |
% import change |
World export |
% world export change |
1963 |
1365084 |
980666.5 |
384417.28 |
11.7746651 |
-28.72481783 |
129059282.5 |
20.74449032 |
1964 |
1410346 |
1077067 |
333278.72 |
3.315699798 |
9.830114559 |
145337783.5 |
12.61319664 |
1965 |
1493390 |
1194322 |
299068.288 |
5.888226044 |
10.88648795 |
161168982 |
10.89269291 |
1966 |
1593239 |
1124300 |
468939.264 |
6.686076785 |
-5.862888291 |
177345170.1 |
10.03678745 |
1967 |
1464525 |
1095533 |
368991.872 |
-8.078767702 |
-2.558633452 |
187889519.2 |
5.94566463 |
1968 |
1367862 |
1169181 |
198681.472 |
-6.60030709 |
6.72249968 |
216840655.3 |
15.40859555 |
1969 |
1612082 |
1570692 |
41389.568 |
17.85409393 |
34.34125329 |
238835759.8 |
10.14344128 |
1970 |
1773170 |
1688563 |
84607.232 |
9.99260226 |
7.504414258 |
280945758.4 |
17.63136252 |
1971 |
1740343 |
1845535 |
-105191.808 |
-1.851317133 |
9.296189328 |
306722804 |
9.17509688 |
1972 |
1941094 |
1904288 |
36805.888 |
11.53511366 |
3.183515274 |
367724934.2 |
19.8883583 |
1973 |
3265998 |
2235295 |
1030702.08 |
68.25550649 |
17.38220993 |
510462066.9 |
38.81627799 |
1974 |
3930696 |
3634752 |
295944.192 |
20.3520857 |
62.60722663 |
770522354.2 |
50.94605538 |
1975 |
2961260 |
3945302 |
-984042.496 |
-24.66322424 |
8.543919145 |
795902152.6 |
3.293843222 |
1976 |
3911920 |
3028448 |
883472.384 |
32.10324929 |
-23.23913882 |
888613192.4 |
11.64854744 |
1977 |
5641660 |
4158369 |
1483291.904 |
44.21715838 |
37.31021672 |
1060468416 |
19.33971105 |
1978 |
6394174 |
3832262 |
2561912.32 |
13.33851172 |
-7.842183276 |
1131999144 |
6.74520114 |
1979 |
7807746 |
6692389 |
1115357.184 |
22.10718862 |
74.63288018 |
1429415128 |
26.27351669 |
1980 |
8019176 |
10539222 |
-2520046.08 |
2.70795037 |
57.48071773 |
1729919665 |
21.02290168 |
1981 |
9141251 |
9430204 |
-288953.344 |
13.99239953 |
-10.52276533 |
1718455231 |
-0.662714818 |
1982 |
7623216 |
5336886 |
2286329.344 |
-16.60642995 |
-43.40646251 |
1560388032 |
-9.198214555 |
1983 |
7836059 |
4504095 |
3331963.904 |
2.792037097 |
-15.60444629 |
1500723305 |
-3.823710833 |
1984 |
8107401 |
4584592 |
3522808.832 |
3.462736728 |
1.78719936 |
1620843577 |
8.004158469 |
1985 |
8395986 |
3814129 |
4581857.792 |
3.559534536 |
-16.80549226 |
1667628394 |
2.886448617 |
1986 |
6852208 |
4723411 |
2128796.672 |
-18.3870986 |
23.83985706 |
1806270681 |
8.3137399 |
1987 |
6360155 |
5817782 |
542373.376 |
-7.18094055 |
23.16906571 |
2131648438 |
18.01378721 |
1988 |
9134186 |
5321524 |
3812662.272 |
43.61578139 |
-8.530012924 |
2447358636 |
14.81061289 |
1989 |
9565435 |
4200510 |
5364924.416 |
4.721256613 |
-21.06565173 |
2740451536 |
11.97588679 |
1990 |
12351522 |
4076658 |
8274863.872 |
29.12661 |
-2.948511736 |
3123526000 |
13.97851626 |
1991 |
11974937 |
8275253 |
3699683.89 |
-3.048891135 |
102.991117 |
3187816702 |
2.058273337 |
1992 |
12234938 |
14863667 |
-2628728.832 |
2.171209933 |
79.61585457 |
3453072101 |
8.320911248 |
1993 |
13114392 |
16772907 |
-3658515.456 |
7.188047521 |
12.84501182 |
3407975057 |
-1.305997762 |
1994 |
15803246 |
21581033 |
-5777787.904 |
20.50307866 |
28.66602946 |
3874283417 |
13.68285719 |
1995 |
20962546 |
20121620 |
840925.184 |
32.64709185 |
-6.762479628 |
4628073356 |
19.45624154 |
1996 |
23809602 |
23761523 |
48078.848 |
13.5816323 |
18.08950831 |
4925070751 |
6.417300939 |
1997 |
26429618 |
30349375 |
-3919757.312 |
11.00403397 |
27.72487642 |
5113944870 |
3.834952401 |
1998 |
26406298 |
31377191 |
-4970893.312 |
-0.088236523 |
3.386611446 |
5078295037 |
-0.697110224 |
1999 |
23223163 |
25507920 |
-2284756.69 |
-12.05445281 |
-18.7055346 |
5277849604 |
3.929558341 |
2000 |
26244852 |
25280428 |
964423.99 |
13.01152989 |
-0.891848099 |
5999765608 |
13.67822236 |
2001 |
26510801 |
20321127 |
6189673.991 |
1.013339248 |
-19.61715472 |
5771100928 |
-3.811226889 |
2002 |
25595936 |
8989545 |
16606391.35 |
-3.450914312 |
-55.76256834 |
6073651106 |
5.242503673 |
2003 |
29827826 |
13850766 |
15977059.73 |
16.533443 |
54.07638844 |
7058624636 |
16.2171569 |
2004 |
34436225 |
22445239 |
11990985.76 |
15.4500016 |
62.05052918 |
8540294418 |
20.99091337 |
2005 |
39963954 |
28688604 |
11275350.22 |
16.05207574 |
27.81598532 |
9698193774 |
13.55807305 |
2006 |
45998157 |
34132744 |
11865412.45 |
15.09911314 |
18.97666558 |
11236985779 |
15.86678964 |
2007 |
55216017 |
44706984 |
10509032.51 |
20.03962891 |
30.97975297 |
13003022196 |
15.71628239 |
2008 |
69317382 |
57432292 |
11885089.37 |
25.53854112 |
28.46380383 |
15004830963 |
15.39495001 |
2009 |
54631307 |
38752086 |
15879220.49 |
-21.18671293 |
-32.52561415 |
11471972330 |
-23.54480795 |
2010 |
66161589 |
56763508 |
9398081.848 |
21.10563177 |
46.47858417 |
14087028299 |
22.79517326 |
2011 |
80665995 |
73923712 |
6742282.806 |
21.92269826 |
30.23105052 |
16841711487 |
19.55475016 |
2012 |
77728392 |
67927335 |
9801056.664 |
-3.641686881 |
-8.111574263 |
16647154895 |
-1.155206773 |
2013 |
74114598 |
74407436 |
-292837.862 |
-4.649259111 |
9.539753225 |
17292110490 |
3.874269202 |
2014 |
66581366 |
65201533 |
1379833.269 |
-10.16430239 |
-12.37228898 |
17300735968 |
0.049881001 |
2015 |
54518733 |
59726053 |
-5207320.123 |
-18.1171308 |
-8.397777691 |
14008216645 |
-19.03109399 |
2016 |
55688820 |
55578483 |
110336.493 |
2.146211191 |
-6.944322069 |
14412693610 |
2.887426537 |
2017 |
56120358 |
66869312 |
-10748953.56 |
0.774910015 |
20.31510685 |
10605102916 |
-26.41831428 |
Table 2: world export situation
Source: (Wits.worldbank.org. 2018)
Year |
Export |
import |
Trade balance |
% export change |
% import change |
World export |
% world export change |
Argentina world export share |
%change in Argentina world export share |
1963 |
1365084 |
980666.5 |
384417.28 |
11.7746651 |
-28.72481783 |
129059282.5 |
20.74449032 |
1.057718399 |
-831.2504271 |
1964 |
1410346 |
1077067 |
333278.72 |
3.315699798 |
9.830114559 |
145337783.5 |
12.61319664 |
0.970391747 |
-8.256134382 |
1965 |
1493390 |
1194322 |
299068.288 |
5.888226044 |
10.88648795 |
161168982 |
10.89269291 |
0.92659902 |
-4.512891455 |
1966 |
1593239 |
1124300 |
468939.264 |
6.686076785 |
-5.862888291 |
177345170.1 |
10.03678745 |
0.898383318 |
-3.045082236 |
1967 |
1464525 |
1095533 |
368991.872 |
-8.078767702 |
-2.558633452 |
187889519.2 |
5.94566463 |
0.779460887 |
-13.23738199 |
1968 |
1367862 |
1169181 |
198681.472 |
-6.60030709 |
6.72249968 |
216840655.3 |
15.40859555 |
0.63081443 |
-19.07041892 |
1969 |
1612082 |
1570692 |
41389.568 |
17.85409393 |
34.34125329 |
238835759.8 |
10.14344128 |
0.674974944 |
7.000555425 |
1970 |
1773170 |
1688563 |
84607.232 |
9.99260226 |
7.504414258 |
280945758.4 |
17.63136252 |
0.631143336 |
-6.49381262 |
1971 |
1740343 |
1845535 |
-105191.808 |
-1.851317133 |
9.296189328 |
306722804 |
9.17509688 |
0.567399424 |
-10.09975198 |
1972 |
1941094 |
1904288 |
36805.888 |
11.53511366 |
3.183515274 |
367724934.2 |
19.8883583 |
0.527865759 |
-6.967519417 |
1973 |
3265998 |
2235295 |
1030702.08 |
68.25550649 |
17.38220993 |
510462066.9 |
38.81627799 |
0.639812002 |
21.20733167 |
1974 |
3930696 |
3634752 |
295944.192 |
20.3520857 |
62.60722663 |
770522354.2 |
50.94605538 |
0.510133959 |
-20.26814785 |
1975 |
2961260 |
3945302 |
-984042.496 |
-24.66322424 |
8.543919145 |
795902152.6 |
3.293843222 |
0.372063295 |
-27.06557002 |
1976 |
3911920 |
3028448 |
883472.384 |
32.10324929 |
-23.23913882 |
888613192.4 |
11.64854744 |
0.440227584 |
18.32061618 |
1977 |
5641660 |
4158369 |
1483291.904 |
44.21715838 |
37.31021672 |
1060468416 |
19.33971105 |
0.531997024 |
20.8459088 |
1978 |
6394174 |
3832262 |
2561912.32 |
13.33851172 |
-7.842183276 |
1131999144 |
6.74520114 |
0.564856783 |
6.176681025 |
1979 |
7807746 |
6692389 |
1115357.184 |
22.10718862 |
74.63288018 |
1429415128 |
26.27351669 |
0.546219632 |
-3.299447247 |
1980 |
8019176 |
10539222 |
-2520046.08 |
2.70795037 |
57.48071773 |
1729919665 |
21.02290168 |
0.463557707 |
-15.13345909 |
1981 |
9141251 |
9430204 |
-288953.344 |
13.99239953 |
-10.52276533 |
1718455231 |
-0.662714818 |
0.531945838 |
14.7528839 |
1982 |
7623216 |
5336886 |
2286329.344 |
-16.60642995 |
-43.40646251 |
1560388032 |
-9.198214555 |
0.488546148 |
-8.158667101 |
1983 |
7836059 |
4504095 |
3331963.904 |
2.792037097 |
-15.60444629 |
1500723305 |
-3.823710833 |
0.522152125 |
6.878772292 |
1984 |
8107401 |
4584592 |
3522808.832 |
3.462736728 |
1.78719936 |
1620843577 |
8.004158469 |
0.500196368 |
-4.204858225 |
1985 |
8395986 |
3814129 |
4581857.792 |
3.559534536 |
-16.80549226 |
1667628394 |
2.886448617 |
0.503468666 |
0.654202694 |
1986 |
6852208 |
4723411 |
2128796.672 |
-18.3870986 |
23.83985706 |
1806270681 |
8.3137399 |
0.37935666 |
-24.65138636 |
1987 |
6360155 |
5817782 |
542373.376 |
-7.18094055 |
23.16906571 |
2131648438 |
18.01378721 |
0.298367921 |
-21.34896977 |
1988 |
9134186 |
5321524 |
3812662.272 |
43.61578139 |
-8.530012924 |
2447358636 |
14.81061289 |
0.373226317 |
25.08929077 |
1989 |
9565435 |
4200510 |
5364924.416 |
4.721256613 |
-21.06565173 |
2740451536 |
11.97588679 |
0.349045942 |
-6.478743223 |
1990 |
12351522 |
4076658 |
8274863.872 |
29.12661 |
-2.948511736 |
3123526000 |
13.97851626 |
0.395435216 |
13.29030614 |
1991 |
11974937 |
8275253 |
3699683.89 |
-3.048891135 |
102.991117 |
3187816702 |
2.058273337 |
0.375646985 |
-5.004165077 |
1992 |
12234938 |
14863667 |
-2628728.832 |
2.171209933 |
79.61585457 |
3453072101 |
8.320911248 |
0.354320385 |
-5.677298357 |
1993 |
13114392 |
16772907 |
-3658515.456 |
7.188047521 |
12.84501182 |
3407975057 |
-1.305997762 |
0.384814775 |
8.606445265 |
1994 |
15803246 |
21581033 |
-5777787.904 |
20.50307866 |
28.66602946 |
3874283417 |
13.68285719 |
0.407901123 |
5.999340308 |
1995 |
20962546 |
20121620 |
840925.184 |
32.64709185 |
-6.762479628 |
4628073356 |
19.45624154 |
0.452943246 |
11.04241197 |
1996 |
23809602 |
23761523 |
48078.848 |
13.5816323 |
18.08950831 |
4925070751 |
6.417300939 |
0.483436741 |
6.732299442 |
1997 |
26429618 |
30349375 |
-3919757.312 |
11.00403397 |
27.72487642 |
5113944870 |
3.834952401 |
0.516814687 |
6.904304763 |
1998 |
26406298 |
31377191 |
-4970893.312 |
-0.088236523 |
3.386611446 |
5078295037 |
-0.697110224 |
0.519983526 |
0.613148019 |
1999 |
23223163 |
25507920 |
-2284756.69 |
-12.05445281 |
-18.7055346 |
5277849604 |
3.929558341 |
0.440011836 |
-15.37965849 |
2000 |
26244852 |
25280428 |
964423.99 |
13.01152989 |
-0.891848099 |
5999765608 |
13.67822236 |
0.437431283 |
-0.586473344 |
2001 |
26510801 |
20321127 |
6189673.991 |
1.013339248 |
-19.61715472 |
5771100928 |
-3.811226889 |
0.459371642 |
5.015726868 |
2002 |
25595936 |
8989545 |
16606391.35 |
-3.450914312 |
-55.76256834 |
6073651106 |
5.242503673 |
0.421425854 |
-8.260367896 |
2003 |
29827826 |
13850766 |
15977059.73 |
16.533443 |
54.07638844 |
7058624636 |
16.2171569 |
0.422572769 |
0.272150955 |
2004 |
34436225 |
22445239 |
11990985.76 |
15.4500016 |
62.05052918 |
8540294418 |
20.99091337 |
0.403220585 |
-4.579609843 |
2005 |
39963954 |
28688604 |
11275350.22 |
16.05207574 |
27.81598532 |
9698193774 |
13.55807305 |
0.412076258 |
2.196235476 |
2006 |
45998157 |
34132744 |
11865412.45 |
15.09911314 |
18.97666558 |
11236985779 |
15.86678964 |
0.409346043 |
-0.662550935 |
2007 |
55216017 |
44706984 |
10509032.51 |
20.03962891 |
30.97975297 |
13003022196 |
15.71628239 |
0.42463987 |
3.73616092 |
2008 |
69317382 |
57432292 |
11885089.37 |
25.53854112 |
28.46380383 |
15004830963 |
15.39495001 |
0.461967094 |
8.790324969 |
2009 |
54631307 |
38752086 |
15879220.49 |
-21.18671293 |
-32.52561415 |
11471972330 |
-23.54480795 |
0.47621547 |
3.084283692 |
2010 |
66161589 |
56763508 |
9398081.848 |
21.10563177 |
46.47858417 |
14087028299 |
22.79517326 |
0.469663211 |
-1.375902196 |
2011 |
80665995 |
73923712 |
6742282.806 |
21.92269826 |
30.23105052 |
16841711487 |
19.55475016 |
0.478965544 |
1.980639081 |
2012 |
77728392 |
67927335 |
9801056.664 |
-3.641686881 |
-8.111574263 |
16647154895 |
-1.155206773 |
0.466916975 |
-2.515539794 |
2013 |
74114598 |
74407436 |
-292837.862 |
-4.649259111 |
9.539753225 |
17292110490 |
3.874269202 |
0.42860354 |
-8.205620485 |
2014 |
66581366 |
65201533 |
1379833.269 |
-10.16430239 |
-12.37228898 |
17300735968 |
0.049881001 |
0.384847015 |
-10.20909099 |
2015 |
54518733 |
59726053 |
-5207320.123 |
-18.1171308 |
-8.397777691 |
14008216645 |
-19.03109399 |
0.389191102 |
1.128782928 |
2016 |
55688820 |
55578483 |
110336.493 |
2.146211191 |
-6.944322069 |
14412693610 |
2.887426537 |
0.386387315 |
-0.720413923 |
2017 |
56120358 |
66869312 |
-10748953.56 |
0.774910015 |
20.31510685 |
10605102916 |
-26.41831428 |
0.529182589 |
36.9565117 |
Argentina is one of the growing nations and since many decades it has been indulged in trading with different nations around the world. From the previous tables it can be seen that trade balance of the argentine though was not high, yet it remains substantial over the period providing the nation ability to withstand against the market crunches. During the early 60s trade balance of the Argentina was not that great, however, post 1965 it started to rise (Palazzo and Rapetti 2017). With the rise in the export of primary goods, the nations started to earn higher amount of trade balance and it provided much amount of prosperity to the performance of the state over the time. From the above figure it can be seen that the Argentina has been facing increased share in world trade since last six decades and the major change came in during the 1965. Post this period, Argentina become one of the rapidly growing state and over the year trade share for the Argentina increased gradually (Oita et al. 2016). As of now, there has been sharp rise in the world export share by the Argentina due to the rise in the export of the soybean oil, white and other farming based products. Considering the trend of the Argentina share in the world export, it can be said that the state has faced reducing in the exportation during the Global Financial Crisis situation back in 2008, however, robust agricultural performance back in 20014 has aided the economy to come back on track again (Sancho et al. 2018).
a:
Year |
Export (current US$) |
Import (current US$) |
Total trade |
GDP (current US$) |
Trade openness |
Trade openness % change |
1994 |
19385000000 |
27299750000 |
46684750000 |
2.5744E+11 |
18.13422545 |
11.77991782 |
1995 |
24978750000 |
26038000000 |
51016750000 |
2.58032E+11 |
19.77150099 |
9.028648848 |
1996 |
28381250000 |
30148250000 |
58529500000 |
2.7215E+11 |
21.50635817 |
8.774534546 |
1997 |
30928250000 |
37413750000 |
68342000000 |
2.92859E+11 |
23.3361447 |
8.508118904 |
1998 |
31137000000 |
38667250000 |
69804250000 |
2.98948E+11 |
23.34994435 |
0.059134228 |
1999 |
27862250000 |
32762500000 |
60624750000 |
2.83523E+11 |
21.38265679 |
-8.425234472 |
2000 |
31223750000 |
33070250000 |
64294000000 |
2.84204E+11 |
22.62250234 |
5.798369998 |
2001 |
31112750000 |
27604000000 |
58716750000 |
2.68697E+11 |
21.85242285 |
-3.404042039 |
2002 |
27736666041 |
13065794410 |
40802460451 |
97724004252 |
41.7527513 |
91.06692003 |
2003 |
33084461867 |
18772867665 |
51857329532 |
1.27587E+11 |
40.64468975 |
-2.653864753 |
2004 |
39266996606 |
27736672324 |
67003668929 |
1.64658E+11 |
40.69264611 |
0.117989246 |
2005 |
46198180131 |
34423282342 |
80621462473 |
1.98737E+11 |
40.56689189 |
-0.309034271 |
2006 |
53550250227 |
40480743016 |
94030993243 |
2.32557E+11 |
40.43347987 |
-0.328869205 |
2007 |
65162321195 |
52567536062 |
1.1773E+11 |
2.87531E+11 |
40.94517062 |
1.265512512 |
2008 |
79762958392 |
66316154417 |
1.46079E+11 |
3.61558E+11 |
40.40267338 |
-1.324935838 |
2009 |
65133480388 |
48268743530 |
1.13402E+11 |
3.32976E+11 |
34.05712691 |
-15.70575891 |
2010 |
80208867996 |
67937933972 |
1.48147E+11 |
4.23627E+11 |
34.97101326 |
2.683392409 |
2011 |
97810932629 |
88839174035 |
1.8665E+11 |
5.30163E+11 |
35.206155 |
0.672390401 |
2012 |
88655850854 |
78013690407 |
1.6667E+11 |
5.45982E+11 |
30.52654237 |
-13.29202984 |
2013 |
80690471898 |
81240190817 |
1.61931E+11 |
5.52025E+11 |
29.333929 |
-3.906807902 |
2014 |
75841712305 |
73691675720 |
1.49533E+11 |
5.2632E+11 |
28.41113405 |
-3.145828007 |
2015 |
64367776224 |
69277437464 |
1.33645E+11 |
5.84711E+11 |
22.85660826 |
-19.55052471 |
2016 |
69385052863 |
73162700768 |
1.42548E+11 |
5.45866E+11 |
26.11404826 |
14.25163331 |
Table 4: Openness of Argentina
Source: (Wits.worldbank.org. 2018)
Considering the trade openness of Argentina it can be seen that over the years, trade openness of Argentina has increased and later it has fell as well. Since the 1993 until 2001it increased marginally and post that until 2004 it increased sharply. From 2004 to 2008 it remained almost same and post that, trade openness of Argentina started to fall gradually (Hye and Lau 2015). During the present date, it can be seen that trade openness of the country is rising again. One of the major reason for the rise in the trade openness during the 2001 in order to control the crisis in the domestic economy government of Argentina utilised the trade path to control the market that gave rise to the trade openness. And when it comes to post 2001 fall, it can be said that Global Financial Crisis is one of the major reason that has allowed the economy to restrict its trade openness for further deterioration of the economy (Sebri and Ben 2014).
a:
b:
1963 |
|
United States |
22438.166 |
Brazil |
9440.763 |
Chile |
5874.548 |
Germany |
5279.783 |
Uruguay |
4640.647 |
Venezuela |
4501.589 |
Netherlands |
3514.084 |
United Kingdom |
2845.686 |
Italy |
2727.082 |
Paraguay |
2512.419 |
Table 5: RCA during 1983
Source: (Wits.worldbank.org. 2018)
1985 |
|
United States |
370467.376 |
China |
173836.769 |
Brazil |
153130.021 |
Japan |
116572.48 |
Poland |
83074.965 |
Netherlands |
74124.477 |
Chile |
73265.204 |
Uruguay |
69672.604 |
Colombia |
68500.407 |
Cuba |
67657.891 |
Table 6: RCA during 1985
Source: (Wits.worldbank.org. 2018)
2016 |
|
Brazil |
5607533.876 |
United States |
2799213.606 |
Chile |
973300.17 |
Uruguay |
733331.723 |
Mexico |
641889.093 |
Paraguay |
603097.226 |
Germany |
370554.731 |
Peru |
358121.207 |
Bolivia |
304780.948 |
Colombia |
282566.753 |
Table 7: RCA during 2016
Source: (Wits.worldbank.org. 2018)
From the above tables it can be seen that during 1963 Argentina has highest RCA against USA in case of the manufacturing industry and contrary to this during 2016 Brazil ranked first in case of RCA of Argentina in the same industry. It depicts that Argentina has moved forward in order to gain much amount of prominence in manufacturing field as Brazil is considered as one of the largest exporter of manufacturing goods. In addition to this, the above tables also highlights that there has been rise in the RCA of Argentina against European nations compared to other nations in the word that highlights it is one of the strongly growing economy in the European region (Khobai and Mavikela 2017).
Year |
Partner Name |
Trade Value in 1000 USD |
Year |
Partner Name |
Trade Value in 1000 USD |
Year |
Partner Name |
Trade Value in 1000 USD |
2016 |
Brazil |
9027619.164 |
1963 |
Italy |
212259.344 |
1985 |
Soviet Union |
1212698.624 |
2016 |
China |
4425229.904 |
1963 |
United Kingdom |
200162.736 |
1985 |
United States |
1027883.52 |
2016 |
United States |
4396652.117 |
1963 |
United States |
153608.224 |
1985 |
Netherlands |
856346.24 |
2016 |
Vietnam |
2546072.839 |
1963 |
Netherlands |
146014.24 |
1985 |
Brazil |
496293.408 |
2016 |
Chile |
2297396.936 |
1963 |
Germany |
93565.84 |
1985 |
Japan |
360887.872 |
2016 |
India |
2208521.323 |
1963 |
Brazil |
77531.632 |
1985 |
Iran, Islamic Rep. |
313935.36 |
2016 |
Egypt, Arab Rep. |
1791720.207 |
1963 |
France |
59038.856 |
1985 |
China |
311004.064 |
2016 |
Spain |
1627938.499 |
1963 |
Belgium-Luxembourg |
58783.156 |
1985 |
Italy |
300646.24 |
2016 |
Indonesia |
1243437.843 |
1963 |
Chile |
41466.916 |
1985 |
Germany |
289215.968 |
2016 |
Germany |
1235090.764 |
1963 |
Spain |
39463.676 |
1985 |
Cuba |
283403.264 |
Table 8: Geographical pattern of trade
Source: (Wits.worldbank.org. 2018)
Considering the above table it can be seen that historically Argentina has been indulged in trading with the European nations as well as South American nations. As it can be seen, during the 1963, Italy was the largest trade partner of Argentina and when it comes to latest period, then it can be seen that Italy has lost its trade with the Argentina (Shahbaz et al. 2017). Considering the Brazil, it can be seen that, it was always there in the top ten trading partner’s list which makes it an all-weather friend of the Argentina. As it can be seen, with the comparative advantage of production in agricultural products, Argentina is historically indulged with the trading with USA. One of the latest addition of the top ten trading partner’s list of Argentina is India because of the comparative advantage in production of wheat and pulses. Though India itself is an agriculture based economy, yet, Argentina has comparative advantage in production of the wheat out of corn that satisfies the Hacker Ohlin theory (Campos et al. 2016).
References:
Campos, N.F., Karanasos, M.G. and Tan, B., 2016. From riches to rags, and back? Institutional change, financial development and economic growth in Argentina since 1890. The Journal of Development Studies, 52(2), pp.206-223.
Hye, Q.M.A. and Lau, W.Y., 2015. Trade openness and economic growth: empirical evidence from India. Journal of Business Economics and Management, 16(1), pp.188-205.
Khobai, H. and Mavikela, N., 2017. The causal linkage between trade openness and economic growth in Argentina: Evidence from the ARDL and VECM techniques.
Oita, A., Malik, A., Kanemoto, K., Geschke, A., Nishijima, S. and Lenzen, M., 2016. Substantial nitrogen pollution embedded in international trade. Nature Geoscience, 9(2), p.111.
Palazzo, G. and Rapetti, M., 2017. Real exchange rate and export performance in Argentina, 2002–2008. Journal of Post Keynesian Economics, 40(1), pp.75-94.
Sancho, A.M., Moschini, R.C., Filippini, S., Rojas, D. and Ricca, A., 2018. Weather-based logistic models to estimate total fumonisin levels in maize kernels at export terminals in Argentina. Tropical Plant Pathology, 43(2), pp.99-108.
Sebri, M. and Ben-Salha, O., 2014. On the causal dynamics between economic growth, renewable energy consumption, CO2 emissions and trade openness: Fresh evidence from BRICS countries. Renewable and Sustainable Energy Reviews, 39, pp.14-23.
Shahbaz, M., Nasreen, S., Ahmed, K. and Hammoudeh, S., 2017. Trade openness–carbon emissions nexus: The importance of turning points of trade openness for country panels. Energy Economics, 61, pp.221-232.
Wits.worldbank.org. (2018). [Online] Available at: https://wits.worldbank.org/WITS/WITS/Restricted/Login.aspx [Accessed 26 May 2018].
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