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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 ...
Exports had soared after the collapse of 2001 forced the government to let the national currency (the peso) float and depreciate. As a result, internal prices of beef, a major staple of Argentine diet , rose considerably, and part of the beef production was diverted from the local market to importers abroad.
Vehicles remain Argentina's top export to Brazil, accounting for $3.1bil in exports in 2021. [81] Beverages are another significant sector, and Argentina has long been among the top five wine producing countries in the world; beer overtook wine production in 2000, and today leads by nearly two billion liters a year to one. [64]
As local consumption has slid, exports have risen, but weaker global prices have dampened the boost for farmers. By far the top buyer of Argentine beef is China, though it imports cheaper cuts not ...
Argentina's poverty rate soared past 40% in the first half of this year. (Reporting by Maximilian Heath; Writing by Sarah Morland; Editing by David Alire Garcia and Leslie Adler) Show comments
The versatile legume makes up about half the nation's crop production and a fourth of its exports. Agriculture is one of the bases of Argentina 's economy . Argentine agriculture is relatively capital intensive, providing about 7% of all employment as of 2013, [ 1 ] and, even during its period of dominance around 1900, accounting for no more ...
Mutual trade reached nearly US$20 billion in 2022, with US$6.9 billion in U.S. imports from Argentina and US$13 billion in exports to Argentina. [27] Trade in services with Argentina has been especially advantageous for the U.S., with Argentina's services deficit with the U.S. reaching US$5 billion in 2019 [31] - the entirety for that year. [6]
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