Argentina Economic Statistics

Silvia Andreoletti

Silvia is a Reporter at Trade Finance Global. She is also currently finishing her BA in Philosophy, Politics, and Economics at New College, Oxford, with a focus on financial markets, game theory, and international relations.

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Importing from Argentina

Argentina is one of the largest economies in Latin America, with a highly skilled workforce and sometimes unstable politics. Argentina’s main exports are food and agricultural products, such as corn, wheat, soybean meal and oil, and beef, as well as vehicles and oil. The main destinations for exports are Brazil, China, Chile, and the US. Argentina is a crucial agricultural producer and exporter, and is the world’s largest exporter of soybean meal (used as animal feed) and oil. It is the source of the vast majority of Brazil’s wheat, cars, and delivery trucks, and exports much of its agricultural products to Africa and Asia. 

The Argentinian economy has been unstable in the last few years, with sluggy growth and sky-high inflation despite government efforts. The new president, elected in 2023, has been having some success in bringing down inflation and reducing poverty, but it is likely to be a while yet before the economy becomes predictable again. The controversial policy of dollarisation, likely to be enacted by the new president, could have a stabilising effect and reduce delays in imports and exports, especially those caused by difficulty in accessing foreign currency. Dollarisation is likely to make Argentinian exports more expensive, which could lead to diversification and growth if Argentina manages to keep productivity on par with that of the US, or make exports uncompetitive if the inverse is true. 

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