Argentina

The economy of Argentina is developing thanks to a large reserve of minerals, high literacy of the population and has a large sector focused on the export of agricultural products. In addition, it has a diversified industrial base.

GDP structure: agriculture — 9.9%. Crop production (wheat, corn, sunflower, fruit), animal husbandry (beef cattle breeding, meat-wool sheep breeding). Industry — 32.7%. Mechanical engineering (including transport, agricultural, machine tool construction), food (including meat-and-meat-slaughtering, milling), metallurgy, mining, oil refining, petrochemical, woodworking. The service sector (tourism, trade, etc.) — 57.4%.

Historically, mining in Argentina has been insignificant, but in the last ten years it has begun to grow, mainly due to ores: gold, platinum, zinc, manganese, uranium, copper and sulfur. Mineral resources are concentrated near the Cordillera on a long stretch of 4,500 km. Lithium is mined within the lithium triangle.

The export of extracted raw materials brings more than 3% of the total volume. The second line of Argentina's exports is gasoline, natural gas, petrochemicals, which make up 20% of total exports.

The Argentine Sea is extremely rich in marine resources. Initially, fishing developed as a secondary industry. 2010 was a record year for fish exports (worth $ 1.33 billion). Until now, the country consumes no more than 5-7% of the fish caught, since the diet of Argentines is tied to meat.

Today, the territory of Argentina's forests is 33 million 190 thousand hectares, the country has lost about 70% of its forests over the past 100 years. Logging and furniture production, mainly from pine and eucalyptus, is expanding.

Exports: 64 billion US dollars (in 2019) — soybeans (13.8%); cereals, including corn and wheat; meat products and seafood (up to 10.5%), transport machinery and equipment (up to 10%); chemical goods (up to 6.8%); ferrous and non-ferrous metals, including gold. The main buyers are Brazil 16.2%, China 10.8%, USA 6.9%.

Imports: 47.8 billion US dollars (in 2019) — machinery, equipment and electronics (up to 28%), chemical goods (up to 18%); vehicles (up to 13%); petroleum products; fuel, mineral raw materials; consumer goods (including textile and paper products) Main suppliers — Brazil 20.6 %, China 17.7%, USA - 14.3%, Germany - 5.7%.