• Analysis and Studies
• Argentina: a look at the market

Argentina is the largest state in South America. It is bordered on the west by Chile, on the north by Bolivia and Paraguay, and on the east by Brazil and Uruguay. In addition, it faces 4200 km of the Atlantic Ocean. Argentina is a rich source of priceless minerals, as indicated by the country's name, which is derived from the Latin word for silver, argentum. It is a natural paradise, and it has vast plains, tundra, woods, deserts, mountains, and rivers, as well as thousands of kilometers of coastal shoreline.

The country's history is long and complicated. Argentina declared independence from Spain in 1816. A military junta that came to power in 1976 following a period of populism under the previous president, Juan Domingo Peron, the leader of the Peronist political movement, and direct and indirect military influence in succeeding governments. After a failed attempt to take over the Falkland Islands (Islas Malvinas) by force in 1983, democracy was restored. Since then, it has endured a number of obstacles, the most difficult of which was the severe economic crisis of 2001-2002, which sparked violent public demonstrations and the successive resignations of several presidents.

The Economy of Argentina

Argentina benefits from abundant natural resources, a highly educated citizenry, and an agricultural sector focused on exports. During the 20th century, Argentina suffered from recurrent economic crises, persistent fiscal and current account deficits, high inflation, escalating foreign debt, and capital flight. 

The country's GDP in 2020 was 389 billion dollars, making it the 29th-largest economy in the world in terms of GDP. Argentina's economy ranked number 45 globally in terms of total exports, and 54 globally in terms of total imports in 2020. The top exports were soy meal ($7.89 billion ), corn ($6.46 billion), soybean oil ($3.9 billion), soybeans ($2.31 billion), and delivery trucks ($2.3 billion), exporting mostly to Brazil ($7.67 billion), China ($5.41 billion), the United States ($3.47 billion), Chile ($2.91 billion), and Vietnam ($2.87 billion).

Cars ($1.77 billion), soybeans ($1.76 billion), motor vehicles and parts ($1.71 billion), refined petroleum ($1.25 billion), and petroleum gas ($1.17 billion), were Argentina's top imports, importing mostly from Brazil ($8.57 billion), China ($8.34 billion), the United States ($5.02 billion), Germany ($2.13 billion), and Paraguay ($2.13 billion).

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