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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 ...
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.
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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.
In the mid-2000s, export of unprocessed soybeans, soybean oil, and meal generated more than 20% of Argentina's export revenue, triple the joint share of the traditional exports of beef and wheat. [142] Export taxes comprised 8% to 11% of the Kirchner government's total tax receipts, around two-thirds from soy exports. [146]
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 ...
For example, the FAO (2002) figure for Denmark, which has one of the highest meat export rates compared to its population, was 145.9 kg (322 lb) (highest in the world). More recent FAO figures (2009) have taken the earlier discrepancy into account, resulting in a significantly lower 95.2 kg (210 lb) for Denmark (13th in the world).
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]