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Argentina developed an agro-export model where they were highly dependent on the external sector, exporting commodities mostly to Western Europe.Much as colonial elites tried to emulate European styles, a wave of European investment and immigration so reshaped local culture and architecture in the late 19th and early 20th centuries (primarily in the Pampas area), that visitors often compared ...
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 ...
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]
Vehicles remain Argentina's top export to Brazil, accounting for $3.1bil in exports in 2021. [87] 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. [70]
The Parana River, which carries almost 80% of Argentina's grains and oilseeds for export, is at the second lowest level for this time of year since 1970, behind only a major decline in 2021, data ...
Argentina has grown in importance as a transit hub for cocaine as production from Peru and Bolivia has flowed down key waterways and out through river ports such as that of Rosario, Lionel Messi's ...
With industrial production of USD $79.8 billion in 2023 (19% of GDP), Argentina is the third-largest industrial power in Latin America after Mexico and Brazil. [1] Argentina has a sophisticated industrial base that ranges from small and medium-sized enterprises to world-class facilities operated by domestic and multinational corporations.
Argentina's exports to the EU are mainly agricultural and other primary goods. The EU exports less goods to Argentina in return (giving the EU a deficit of €3.4 billion) but has a surplus in services of €0.4 billion. Further, being that the European Union is Argentina's biggest foreign investor, the entity accounts for half of Argentina's ...