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FOREIGN TRADE
The main exportable items of Argentina are food, meat and manufacturing products. The mainexports partners of Argentina are Brazil, Chile, US, China and Spain.
The main importable items of Argentina are Food, fuel, energy and capital goods.
The main import partners of Argentina are Brazil, US, Germany, Italy and Spain.
As shown in the above figure there is a merchandise trade surplus in Argentina over the years.
The total exports of goods and services, as percentage of total GDP was 24.0 in the year 2004. The total imports of goods and services, as percentage of total GDP was 15.0 in the same year.
ARGENTINA IN THE INTERNATIONAL SCENARIO
The country has grown very first in the recent
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years by using its rich natural resources, literate population, its export oriented Agriculture and the strong industrial base. In the commencement of the 19th century the economy was considered to be one among the developed economy in the world.
In the 1990s the financial system in Argentina is being strengthened. Presently the banks are gaining huge deposits as a sign of more capital formation for the economy.
There is a huge inflow of foreign direct Investment to the economy. The foreign direct investment has mainly focused on the telecommunications, Petroleum and Gas, Electric energy, financial services, chemicals and food processing.
The country has accepted the membership of WTO and SACN for trade.
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