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Latin America's share of Soviet Third World imports was high (40 percent in 1982) because of large imports of Argentine grain. As the Soviet Union's main grain supplier, Argentina was the Soviet Union's most significant import partner in the Third World in 1980, 1981, and 1983.
A major strength of the Soviet economy was its enormous supply of oil and gas, which became much more valuable as exports after the world price of oil skyrocketed in the 1970s. As Daniel Yergin notes, the Soviet economy in its final decades was "heavily dependent on vast natural resources–oil and gas in particular".
Amtorg handled almost all exports from the USSR, comprising mostly lumber, furs, flax, bristles, and caviar, and all imports of raw materials and machinery for Soviet industry and agriculture. It also provided American companies with information about trade opportunities in the USSR and supplied Soviet industries with technical news and ...
Because of the Soviet agricultural system, the cold climate, and frequent irregular droughts, crop failure was common in the Soviet Union. [1] [2] The problem was heightened by the fact that climate problems prevented much of the arable land in the USSR from being farmed, [3] so only some of the land in the black earth belt was suitable for ...
The Union of Soviet Socialist Republics [r] (USSR), [s] commonly known as the Soviet Union, [t] was a transcontinental country that spanned much of Eurasia from 1922 to 1991. . During its existence, it was the largest country by area, extending across eleven time zones and sharing borders with twelve countries, and the third-most populous co
The Soviet Union shifted to receiving grain from other sources such as by increasing imports from its second highest import partner, Argentina. The sources included most of South America such as Venezuela and Brazil. The Soviet Union still received grain from the United States with regard to the grain agreement in 1973 between the two countries.
World map by trade as a share of GDP [1]. This is a list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank.
Following the October Revolution of 1917, the economy of the Soviet Union, previously largely agrarian, was rapidly industrialized. From 1928 to 1991 the entire course of the economy was guided by a series of ambitious five-year plans (see Economic planning in the Soviet Union). The nation was among the world's three top manufacturers of a ...