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ARGENTINA

Global Trade Volume of Argentina

In terms of GDP, Argentina is the third largest economy after Brazil and Mexico among the South American countries. Per capita income is $ 22,032. Although there is a cliff in the distribution of income within the country, the city is one of the countries with the highest per capita income in Latin America. In Argentina, which is an industrial economy based on agriculture, 9.9% of GDP consists of agriculture, 60.2% of services, and 30% of Industry. The rapid increase in prices of agricultural products has become an important source of growth for the Argentine economy. Chemical and petrochemicals, food and beverage, automotive and metal Industries create the largest industrial branches in Argentina. In addition, PraeGlobal plays a major role in Argentina.

Argentina Economy Datas

2013 2014 2015 2016 2017
Population (million) 42,54 42,98 43,42 43,85 44,29
Per capita GDP ($) 21,500 21,117 21,691 21,264 22,032
GDP (billion $) 552 526,3 584,7 545,9 654,4
Current account balance (million $) -13,123 -9,178 -17,621 -14,692 -29,325
Export ($) 75,928 68,441 56,809 57,930 58,405
Import ($) 71,293 62,899 57,594 53,505 63,405
Jobless rate 7,1 7,3 6,5 8,5 8,6

Argentina is one of the highest countries in the region with rich underground and surface resources, urbanization, technological development, trained manpower and per capita purchasing power. In sometimes, the Argentine economy has an interventionist economic tradition, although it has undergone sharp policy changes. Although it was an ideal environment for foreign capital investors in the 1990s, the policies introduced with the crisis in 2002 created a negative environment for foreign capital. After 2002, foreign capital left the country. In 2003, the ruling new government gave importance to domestic capital and pursued a discriminatory policy.  Moreover, companies privatized in the 1990s have begun to re-nationalize.

Sectoral Structure

The Argentine economy has an industrial structure based on agriculture. 8.2% of the total area is agricultural land and 20% of this land is said to be grown. In the 1990s, the industry, which grew mainly in the foreign capital, entered recession and crisis as of 1998.

If you want to start a business and improve your business in Argentina, which once again opens up investor land with foreign capital, we are ready to provide consultancy services as PraeGlobal. we will provide all kinds of support for your company and we will be with you with all consultancy services with our expert staff in the process of establishment of your company.

With PraeGlobals active staff, you will feel like you are at home even you are in abroad.

Trade Qualities

  1. AGRICULTURAL

    Climate differences in different parts of the country are available to grow different crops in terms of agricultural products. Barley, wheat, oats, corn, soybean, sunflower, rice, cotton, saffron, beans citrus, apples, tobacco, sugarcane, pears and grapes are the main agricultural products in the country. Oilseeds and cereals are one of the most important products of Argentina’s exports. One of the world’s largest meat producers, there are 51 million cattle in the country. It is one of the important countries in fisheries production and exportation. Furthermore, it is one of the few honey producers and exporters in the world.

  2. MINING

    In Argentina, which has rich mineral deposits, only 20% of the existing mineral deposits have been researched. Tin, copper, iron ore, zinc, lead, manganese, gold, uranium, petroleum and natural gas Most of the mineral deposits are in the Andes mountains. With a law enacted in 2003, the tax exemption for mining products has made this sector attractive to foreign investors. More than 2/3 of total mine production is exported. However, as a result of the foreign exchange and economic policies implemented by the government, foreign investors have suspended their investments in the country.

  3. ENERGY

    While Argentina was a producer of oil and petroleum products, natural gas and electricity, and an exporter of oil and natural gas, energy trade deficit was formed in 2011. In 2012, an average of 761 thousand barrels of oil per day is produced. In Argentina, which is also rich in terms of natural gas, there are 13.4 trillion cubic gas reserves. Argentina also has a reserve of 774 trillion cubic rock gasses, which is the world’s third largest. After the decline in oil and gas production in recent years, the government has sought foreign capital in the US and Chinese firms. To reduce the external deficit in the energy sector, the government has implemented investment incentives to re-attract foreign capital to the country. Argentina’s Rock reserves are more than the reserves of the entire European continent.

  4. INDUSTRY

    The main industrial products of the country, ethylene, polyethylene, urea, methanol, ammonium, construction, paint, soap and detergent. Many automotive companies have a factory set up in Argentina. Due to import restrictions increased since 2009, there has been an increase in the production of household appliances.

Argentina

Contact Informations

Paraguay 541 Piso 2° C1057AAG Buenos Aires Argentina.

+90 212 212 22 35 | +90 312 284 13 00 | +372 589 78198

www.praeglobal.com

info@praeglobal.com