MyWorldGo What are Argentina's Biggest Exports and Imports?
What are Argentina's Biggest Exports and Imports?

Blog Information

  • Posted By : Jeson Clarke
  • Posted On : Oct 09, 2021
  • Views : 157
  • Category : Technology
  • Description : Argentina is the second-largest country in South America and ranks at number eight on the world's largest countries list. Here are the biggest exports and imports from Argentina, which ranks 45th in the global export economy.

Overview

  • Argentina is the second-largest country in South America and ranks at number eight on the world's largest countries list. Here are the biggest exports and imports from Argentina, which ranks 45th in the global export economy.

    Argentina's Top Exports

    Argentina is one of the largest primary crop producers in the world. That makes up for an average of 54% of the country's exports, with cereals the main crop type exported.

    Industrial goods also figure into one of the other main experts for the South American country. The richness of the Argentine land also sees the export of minerals such as crude oil and coal contribute to the Argentina trade database. If you need Argentina trade database, visit this website.

    Argentina's strategic positioning makes it a good business ally for countries within its reach. It is primarily exporting to countries including the US, Brazil, Chile, and China.

    In addition, smaller percentages of the exported goods were sold to Vietnam, India, and Spain. Below is a list of the top exports from Argentina:

    • Soybean Meal is the main export revenue source for Argentina. Over the years, there has been a consistent and unrivaled output of soybeans through the Pampean Plains/Argentina. The country then mainly exports soybean meals and oil to the Vietnamese people. However, 2021 is set to be the year the country produces the least volume of soybeans. The factors point to farmers' preference to planting maize and wheat over the soy plant as the reason. Farmers claim this is a result of trade incentives and random environmental change and damage.
    • Corn makes the second most exported good from Argentina. They only come second to the US regarding the nation exporting the highest percentage of corn in the world. Corn growth in the country is encouraged due to suitable climate conditions and profit potential.
    • Soybean oil
    • Wheat
    • Mineral fuels
    • Animal and vegetable fats/oils

    Argentina's Top Imports

    Argentina's main preference is importing from China and Brazil. Each of these countries contributes to 20% of the country's imports. Countries such as the US, Paraguay, and Germany also contribute to major imports into the country. Here are some of the biggest imports into the country.

    • Vehicles and their parts
    • Electronic machinery and pieces of equipment
    • Organic chemicals

    Agricultural products are a key contributor to the Argentina trade database, making up for most exports. The country's economic vision seeks to encourage diversity to expand its foreign trade abilities.

    Read a similar article about Russia trade database here at this page.