The top five products exported by Argentina are soybean meal, corn, soybean oil, cars and delivery trucks. The top five imports of the country are cars, petroleum gas, vehicle parts, refined petroleum and telephones.Know More
Argentina is the world's leading exporter of soybean meal, soybean oil, bran, sorghum, other vegetable residues and waste, ground nut oil, ground nut meal and tanning extracts. Other major exports include whole soybeans, wheat, crude petroleum, gold, copper ore and vehicle parts. Other major imports include computers, broadcasting accessories, iron ore and pesticides.
Argentina's top trading partners are Brazil and China for both imports and exports. Argentina also exports heavily to Chile, the United States, Spain, Venezuela, Canada, the Netherlands, Germany and Colombia. The country imports heavily from the United States, Germany, Mexico, Trinidad and Tobago, Bolivia, France, Italy and Japan.
Imports of luxury cars have caused trade imbalances in Argentina in recent years, forcing the government to step in and restrict them. In 2011, the government forced car importers to provide an export of equal value, forcing many of them to get into new industries such as processed rice and soy flour. The government placed further restrictions on the import of vehicles in 2014. Auto manufacturers who build a model of car in Argentina, such as Toyota, are exempt from these restrictions.Learn more about Economics
As one of the largest economies in the world, Russia stands as the 17th largest importer of goods in the world as of 2013. With an import spending that is projected at $317.8 billion, approximately 18.1 percent of Russia's import spending goes into the product category machines, engines and pumps. Following closely at 12.6 percent of import spending is vehicles, with third being electronic equipment.Full Answer >
Denmark imports many different types of products, but three of its top imported goods are refined petroleum, computers and cars. Aside from these, other commonly imported goods include medical equipment and instruments, vehicle parts and packaged medications.Full Answer >
Argentina, along with Brazil, Paraguay and Uruguay, are founding member nations of Mercosur, an economic and political alliance in Latin America. Venezuela became the latest addition to the coalition, becoming a full-pledged member in 2012. Argentina was also named by former President Bill Clinton as a Major Non-NATO Ally of the United States in 1998.Full Answer >
The most notable ally for Argentina is the United States, while Britain is considered their largest enemy. There are other concerns that make most countries switch from allies to enemies, and it depends on the current economic state of Argentina.Full Answer >