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Argentine trade with fellow Mercosur nations reached US$35 billion in 2022, and as in most years remained in deficit for Argentina with US$15.8 billion in exports and US$19.3 billion in imports. Mercosur buys 68% of Argentine exports of motor vehicles and auto parts, and these made up three-eights of total exports to the bloc in 2022. [21]
Milei's drive to turn Argentina's economy around through an austerity push has also brought inflation down to close the year at 117.8%, after an April peak of nearly 300%. Analysts say Argentina's ...
Argentina's cattle industry had become a key growth driver in the economy, with Argentina ranking fourth in cow meat exports. Thus, it was crushing news when new cases of foot-and-mouth disease (FMD) were found in 2001, for the first time in 60 years. Although FMD is usually harmless to people, the virus is easily spread between animals, making ...
The economy of Argentina is the second-largest national economy in South America, behind Brazil. Argentina has a human Development Index classified as "very high" by the United Nations, with a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Argentina benefits from rich natural resources ...
By far the top buyer of Argentine beef is China, though it imports cheaper cuts not used domestically. "The export sector is going through a very tough time even though it keeps exporting big volumes.
Argentine President Mauricio Macri on Monday announced new taxes on exports in the world's third-biggest soy producer and steep cuts to spending in an "emergency" bid to balance next year's budget ...
English: A chart showing the amount of exports and imports of Argentina, from 1992 to 2004. Note the slight trade surplus in 1995 and 1996, with trade deficit elsewhere, until the recession and the Argentine economic crisis of 2001, followed by currency devaluation, produced a sharp drop in imports.
With the Argentine populist skipping the summit to star at a right-wing rally in Brazil, South America's biggest trade bloc — politically divided, notoriously slow-moving and beset by ...